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What are the top 10 strongest currencies?
The US dollar is the world’s most traded currency. But does that necessarily make it the strongest of the 180 or so traditional ‘fiat’ currencies recognised as legal tender round around the globe?
We’ve ranked the strongest currencies (along with their accepted currency symbol), based on the number of units of foreign currency received in exchange for one US dollar. The exchange rates (as at 13 June 2024) are sourced from our useful currency converter, which is based on data from Open Exchange.
- Kuwaiti dinar (KWD)
Using our measurement, the Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying US $3.264. Put another way, US $1 is worth 0.3063 Kuwaiti dinars.
Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil.
- Bahraini dinar (BHD)
One Bahraini dinar is currently worth $2.653. That makes $1 worth 0.3769 Bahraini dinars.
Bahrain is an island nation in the Persian Gulf off of the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.
- Omani rial (OMR)
The Omani rial was introduced in the 1970s. One rial is worth $2.597. Looked at from the other direction, one US dollar is worth 0.3849 Omani rials.
Oman sites 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.
- Jordanian dinar (JOD)
The Jordanian dinar, which entered circulation in the 1950s, is worth $1.410, putting the currency at number four on our list. Alternatively, $1 would buy 0.7088 Jordanian dinars.
