Ranking of the most expensive currencies in the world 2023 and their value against the dollar – platform


Ranking of the most expensive currencies in the world 2023 and their value against the dollar – platform

Ranking of the most expensive currencies in the world 2023All people everywhere in the world deal with cash currencies, so none of us can take any step or buy any order without owning these currencies, and currencies have a material value that depends on various factors, and among the most famous currencies that are dealt with in most The countries of the world is the US dollar, which can be converted to any other currency, and through our topic for today we will learn about the ranking of the most expensive currencies in the world 2023.

Ranking of the most expensive currencies in the world 2023

There are many countries that have their own currency, while there are some countries, especially European ones, that share one type of currency, and each currency has its own market value, and through our topic we will learn about the ranking of the most expensive currencies in the world 2023:

  • Kuwaiti dinar.
  • Bahraini dinar.
  • The Omani Rial.
  • Jordanian Dinar.
  • Sterling pound.
  • Cayman Islands dollar.
  • European euro.
  • Swiss Franc.
  • U.S. dollar.
  • Canadian dollar.

Watch also: The price of the Ripple XRP currency may not return to $1, but these currencies may rise before the end of 2023!

What is the most expensive currency in the world 2023

Each of the currencies in the world has its own market value that rises and falls based on many factors, either pertaining to the country itself, or pertaining to the global financial market in general, and through our topic we will learn the answer to the question, what is the most expensive currency in the world 2023:

See also  The best profitable business in America - platform

Kuwaiti Dinar (KWD)

  • The Kuwaiti Dinar is the official currency of the State of Kuwait and is the strongest currency worldwide.
  • The State of Kuwait is considered one of the rich countries because it possesses a good stock of oil in the world, which is the most powerful and most expensive natural wealth that Kuwait possesses.
  • It is also good to know that the State of Kuwait does not pay many taxes, and its unemployment rate is few and low.
  • The Kuwaiti dinar came out to the global market and appeared for the first time in 1961 AD, and every Kuwaiti dinar is equivalent to approximately 3.29 US dollars.

Bahraini Dinar (BHD)

  • The Bahraini Dinar is the official currency of the State of Bahrain, a country that has a small area and is one of the Arab Gulf states.
  • If we convert from the Bahraini dinar to a US dollar, we will find that each dinar is equivalent to 2.659 US dollars.
  • In addition, the Bahraini currency separated in 1980 from the Gulf rupee, which was closely linked to the Indian rupee.

Omani Rial (OMR)

  • The Omani riyal is the official currency of the Sultanate of Oman, which is one of the countries of the Gulf Cooperation Council. If we look closely at the strongest currencies in the world, we will find that the Gulf currencies occupy the forefront, because their countries have a strong economy because they have a good stock of oil.
  • The Omani Rial appeared for the first time in 1970 under the name Al Saidi Al Riyal, in relation to the ruling Al Said family, and in 1972 the currency name was changed to the Omani Rial.
  • The exchange rate of the Omani riyal against the US dollar is $2.60, and it is a currency well linked to the US dollar.

Jordanian dinar (JOD)

  • The Jordanian dinar is the official currency in Jordan, and the dinar is dealt with in the West Bank of the State of Palestine, and even in the Gaza Strip some people deal with this currency when buying some needs such as olive oil.
  • The Jordanian dinar is linked to the US dollar at a fixed rate of $1.41. It is worth knowing about the Jordanian dinar that the reason behind the strength of this currency is that it is linked to the US dollar, and not because of the strength of the Jordanian economy.
See also  The best small business project in Bahrain - platform

See also: The best types of electronic blood pressure devices 2023 and their prices in pharmacies

Ranking of digital currencies in the world 2023

The world swept years ago and until this moment some digital currencies that are widely dealt with in most parts of the world, and they are virtual currencies but have material value, and through our topic for today we will learn about the ranking of digital currencies in the world 2023:

Bitcoin (BTC) is one of the most expensive currencies in the world

  • Bitcoin average price: $57,615,120.
  • Bitcoin market capitalization: $1,181.77 billion.

Ethereum

  • Average Ethereum price: $2,449.
  • Ethereum market cap size: $21,464,234,545.

Bitcoin Cash (BCH) is among the most expensive currencies in the world

  • Average Bitcoin Cash price: $506.57.
  • Market value of Bitcoin Cash in the market: 9,508,750,479 USD.

Binance Coin (BNB)

  • Binance Coin average price: $299.
  • The market capitalization of Binance Coin is $45,703,277,845.
  • In addition to the Kusama coin, its price is approximately $174.
  • Compound coin/ $127, and Aave/ its price is approximately $190.
  • We mentioned all these details within our topic Ranking the most expensive currencies in the world 2023.

See also: Project Financing Arrangements Concept with Examples

Why is the Kuwaiti dinar the most expensive currency in the world?

We mentioned in our topic, which is titled Ranking the most expensive currencies in the world 2023, that the most expensive currency is the Kuwaiti currency, which is called the Kuwaiti dinar, and we will now know why the Kuwaiti dinar is the most expensive currency in the world through the following points:

  • The main reason that makes the Kuwaiti currency one of the most expensive currencies around the world is that the Kuwaiti Bank follows its own policy in financial transactions, so that the bank fixes the exchange rate, meaning that the Kuwaiti dinar is not affected by supply and demand for it.
  • The exchange rate of the Central Bank of Kuwait against the US dollar is 3.32 US dollars, and this amount is important because of its impact on the foreign profit from oil, of which the State of Kuwait is famous for having a large global reserve of it.
  • Official financial sources in Kuwait said that in 2021 it rose to 4.97 billion dinars (16.15 billion US dollars) after it was 3.75 billion dinars (12.45 billion dollars) in the first quarter of this year.
  • As for total imports, it increased year-on-year to reach 2.32 billion dinars (7.6 billion US dollars) in the second quarter of 2021.
  • We mentioned all these details within our topic Ranking the most expensive currencies in the world 2023.
See also  The cost of the Riyadh Metro 2023 project, its features and the companies participating in it – platform

What are the cheapest currencies in the world?

Market and physical currencies are abundant in the world. Almost every country has its own currency that its people use extensively in all their financial transactions. Through our topic for today, we will answer the question of what are the cheapest currencies in the world through the following points:

  • Various financial sources say that the cheapest currency in the world is the currency of Venezuela, which is the least valuable currency in the world.
  • The reason that the Venezuelan currency is the cheapest currency in the world is due to the severe inflation that the currency is witnessing in Venezuela.
  • There are many other reasons that supported the deterioration of the Venezuelan currency, which is the Corona crisis that ravaged the whole world two years ago, which led to a very severe drop in the value of the bolivar, especially with the beginning of this year.

Here we have come with you to the conclusion of our article for today, which bears the title Ranking of the most expensive currencies in the world 2023Through it, we have identified the most important currencies that have high financial values ​​and prices.

Leave a Reply

Your email address will not be published. Required fields are marked *