₦airaland Forum

The value of a country’s currency reflects the performance of its economy. Currencies of very successful countries tend to increase in value. High currency value implies that inflation processes in the country are under control. Contrary to popular opinion, the British Pound Sterling is not the most strongest currency in the world, neither is the United States Dollar nor European Euro.

Here is the list of the most strongest/highest currencies in the world.

Rank Currency Currency Code Compared to USD

1. Kuwaiti Dinar KWD 1 KWD = 3.29 USD

2. Bahraini Dinar BHD 1 BHD = 2.65 USD

3. Oman Rial OMR 1 OMR = 2.60 USD

4. Jordan Dinar JOD 1 JOD = 1.41 USD

5. British Pound Sterling GBP 1 GBP = 1.26 USD

6. Cayman Islands Dollar KYD 1 KYD = 1.20 USD

7. European Euro EUR 1 EUR = 1.14 USD

8. Swiss Franc CHF 1 CHF = 1.04 USD

9. US Dollar USD 1 USD = 1.00 USD

10. Canadian Dollar CAD 1 CAD = 0.75 USD

Wow,where is our naira on the list?

olajizz01:
Wow,where is our naira on the list?

they send it on an errand

Abfinest007:
they send it on an errand

Hahahahaha.........................

Yes, Naira is deep down in the list. However, 2019 is not a very bad year for Naira so far. When we look at commonly traded currencies in Nigeria mainly only 2 rates had obvious rise against Naira both on parallel market and CBN in the first half of 2019, these are:

Pound to Naira, 1.76% rise on parallel market, 0.21% acc. to CBN :
https://www.ngnrates.com/market/exchange-rates/pound-to-naira/black-market

Rand to Naira, 3.45% rise on parallel market, 2.46% acc.to CBN :
https://www.ngnrates.com/market/exchange-rates/south-african-rand-to-naira/black-market

Other than these 2 rates Naira mostly gained value against other currencies.

Pound does not have the highest value in the world but it is obviously on rise this year, as it is one of the few ones gaining value against Naira.