7 Currencies Worth More Than the U S. Dollar

The British pound is the fifth strongest currency in the world with 1 British pound buying 1.20 U.S. dollars (or US$1 equals 0.83 British pounds). The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 U.S. dollars (or US$1 equals 0.71 Jordanian dinar). The Bahraini dinar entered easymarkets review circulation in 1965 and is pegged to the U.S. dollar. The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 U.S. dollars (or US$1 equals 0.38 Bahraini dinars). Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil.

However, in 1949, facing increasing economic pressure, the pound was devalued by 30.5% to $2.80. This move had a direct and negative impact on several major currencies, which were devalued against the dollar. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with Binance cryptocurrency exchange low pricing and fast, quality execution on every trade. Choosing a forex broker involves considering several factors, including regulations, fees, platforms, tools, education and customer service. To assist you in making a decision, Benzinga has prepared a comparison table of some of the top forex brokers available in the market.

1. The European single currency has endured another “bruising” year, falling more than 6 per cent against the US dollar and sterling, Mr Kaplin says.
2. The minimum exchange rate was recorded on October 20th, 2022, at $3.22, while the maximum exchange rate was seen on March 18th, 2023, at $3.30.
3. Its economy is fueled by a well-developed infrastructure, abundant natural resources, and high productivity.

69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money. The U.S. dollar is the 10th-strongest currency in the world, with 1 dollar buying 1 dollar. (Obviously.) okcoin review All other units of currency across the globe are worth less than a buck. A single US dollar will buy you around 0.76 Gibraltar pounds, which is very similar in value to the pound sterling. The Swiss franc is also the 7th most traded in the world, gaining its popularity as a safe bet when trading or storing money, due to its strict monetary policies and low debt levels.

(valued against the USD)

The British pound, also known as the pound sterling (GBP), is the official currency of the United Kingdom and its crown dependencies and overseas territories. It is one of the oldest currencies in the world and plays a significant role in the global economy. Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar. As with its other wealthy neighbors, Oman is a major exporter of oil and gas.

Fijian dollar

Along with the euro and the US dollar, the British pound is considered to be one of the world´s main reserve currencies. The pound played a significant role in global trade and finance during the times of the British Empire. Today, its importance in global trade is waning, but it maintains its status as a major currency due to the UK being one of the world´s largest economies and a major financial center. Let’s find out which currencies these are and what factors contribute to their strength. The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper.

Jordan dinar

Trade on our 12 baskets of FX pairs, including the CMC USD Index and CMC GBP Index. Read more about trading our US dollar index​, which is a basket of forex pairs with the USD as the base tender. The Swiss Franc is the national currency of both Switzerland and Lichtenstein. Switzerland’s strict monetary policy has helped increase the currency’s value throughout the European debt crisis and the US Dollar’s more liberal policies.

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The United Nations recognises around 180 as legal tender but which one holds the most value? Read ahead to discover the 16 strongest legal tenders that are used on a daily basis in 2022 and exchanged in currency trading. The Gibraltar pound shares the No. 6 spot among the world’s strongest currencies, with 1 pound buying 1.22 dollars (or $1 equals 0.82 Gibraltar pound). The New Zealand dollar or NZD takes its rightful place on the highest tender list at number 15. Its strength has been rising, most likely caused by the nation’s political stability, high interest rates and GDP growth. The Kuwaiti dinar is the highest-valued currency in the world, with impressive conversion rates against the dollar.