The most expensive money in the world. The most expensive currency. The most valuable currency in Europe

We hold these small pieces of paper in our hands every day. They give us access to any product or service. But the question is: how much or how little can money buy?

A person, as a rule, usually does not talk about the cost of banknotes, but about the price of the product itself. In fact, the value of money becomes known after comparing it with the money of other countries. There are currently about 180 currencies in the world. What is the most expensive currency? Many are ready to assume that the euro, or, in extreme cases, the British pound sterling. Actually this is not true. Experts regularly compile ratings of the most expensive money and, in particular, their value in relation to the ruble. It should be noted that every year the leadership is held by the same ones.

Leading currency

The most expensive currency “smells” of oil

So, the most expensive currency in the world is the Kuwaiti dinar (currency code - 414, letter code KWD). For one such money you can get 88.59 rubles (as of April 1, 2008) or 3.75 dollars. By the way, in the relatively distant year 1984, one Kuwaiti dinar cost 2.79 rubles or 3.28 US dollars. That is, the banknotes have held the leadership for more than a dozen years.

Bahraini Dinar

Another currency on the list of the most expensive is the Bahraini dinar (currency code BD or BHD). In 1966-1973, this money was the national currency of the United Arab Emirates. They were then replaced by the UAE dirham.

Omani rial

This is the monetary unit of the state called Oman. The international currency designation is OMR. By the way, on banknotes you can find an inscription in English on one side and in Arabic on the other.

Latvian lats

The Latvian armor circulated on the territory of Latvia from 1922 to 1940. And then it came into circulation only in 1993, after the state gained independence. After the Maltese lira and the Cypriot pound were replaced by the euro, the Latvian lat became what is called the “heaviest” currency of the European Union. At the beginning of 2009, the pound sterling was 15 rubles lower than the lat.

GBP

This is the UK currency. Currency code – UKL or GBP. It is worth noting that banks in individual territories that are part of the country issue banknotes with their own designs. And formally, every banknote is accepted by all UK banks.

Which currency can you trust?

But further down in price are the so-called Special Drawing Rights (code - XDR). This is an artificial reserve and payment instrument that is issued by the IMF. It has only a non-cash form - entries in bank accounts. No banknotes were issued. In addition, the SDR has a limited scope of use; it circulates only within the IMF and is used to repay IMF loans, replenish reserves, regulate balances and cover balance of payments deficits. Special drawing rights appeared in 1696. Now the cost is 38.69 rubles. The XDR rate is now published daily. It is determined based on the dollar price of a basket of 4 leading world currencies: the yen, pound sterling, euro and US dollar. But the weight of currencies in the basket is reviewed every five years.

Euro

The official currency of the European Union countries is the euro. It operates on the territory of 17 EU countries. In 2006, about 610 billion euros were in cash circulation. This helped the currency become the owner of the highest total price of cash that circulated around the world.

Jordanian Dina

The Jordanian Dina (code JD or JOD) is the currency of Jordan. Each banknote and coin depicts a royal dynasty. The money is signed in Arabic and English. In 1949, the currency replaced the Palestinian pound. The cost today is more than 30 rubles per unit.

Azerbaijani manat

This is the official currency of Azerbaijan. He was subject to denomination twice - first in 1992, then in 2006. The design of the banknotes was developed by the Austrian Roberto Calino, who also worked on the modern design of the euro. The coins therefore resemble EU currency. The price of a monetary unit is less than 30 rubles.

Ghanaian cedi

This currency was introduced in 1965 in Ghana. Its international designation is GHC, C. By the way, for quite a long time Ghana did not have its own currency. The country circulated money that was brought from neighboring countries.

There is no doubt that the American dollar is the most popular currency on planet Earth, but not the most expensive. The most expensive bitcoin today is a virtual currency that is accepted by more and more sellers of goods and services every day. 1 Bitcoin can be bought for 21,574.20 rubles. An unprecedented price for something that cannot be touched.

However, there is one “but” here - Bitcoin is not officially recognized as a currency. " Now Bitcoin can only be considered as a start-up, not a completed project“,” says Konstantin Grebennikov, advisor to the chairman of the board of Promregionbank. " The central bank of the state in whose territory the currency is in circulation is responsible for issuing money. Bitcoin is a virtual currency that can also be used as a means of payment, but only to pay for goods or services from sellers who are ready to accept them. Accordingly, Bitcoin cannot be called a currency.“- adds Ivan Farafonov, Deputy Head of the Treasury Department of the Bank of Settlements and Savings.

If we consider real money stored in people’s wallets, the leader in currency value is the Kuwaiti dinar, which costs 123.92 rubles. It is used by only about 3 million people living on the shores of the Persian Gulf. The state is rich in oil, which keeps the dinar exchange rate at a high level.

The second place among the most expensive currencies in the world is occupied by the Bahraini dinar, sold on the market at 92.97 rubles, and in third place is the Omani real, costing 90.96 rubles. The well-known British pound sterling occupies only 6th place in the ranking (59.44 rubles), the euro – 8th place (46.87 rubles), the American dollar and all in 15th position (34.81 rubles).

The vast majority of currencies can only be purchased in the country in which they are circulated. Therefore, if you are going to travel to one of the exotic countries, then take cash euros or dollars with you. " The most convenient and profitable way is to buy dollars and/or euros - in any country, even those isolated from the outside world like the DPRK and Cuba, you can exchange them for local currency“, advises Ivan Farafonov.

Also, do not forget about the plastic card. " It is always better to have a bank card with you from one of the international payment systems with a cash reserve corresponding to your spending for two or three days. Ideally, for security reasons, a card for foreign travel should be separate from the main one and must have connected Internet banking, so that additional funds from the current account can be transferred to it at any time“, recommends Konstantin Grebennikov.

Top 20 most expensive currencies in the world

Currency values ​​are given as of July 24, 2014. The source of the courses is the resource https://www.google.com/finance.

There are more than 180 currencies in the modern world. Among them, the most expensive are the currencies of the Middle Eastern oil-producing countries: Kuwait, Bahrain and Oman.

Economics is perhaps one of the most flexible government areas. It experiences “ups and downs” almost every day, and above all this affects the exchange rate. Jumps on the currency exchange occur hourly, which we, as ordinary people, can observe, for example, in the news. We present to you the world ranking of currencies for today against the dollar. Why to the dollar? Because it is one of the reserve currencies of the world.

In 2017, the most valuable currency in the world is still the Kuwaiti dinar. And the cheapest currency is the Iranian rial.

In relation to the Russian currency, 1 Kuwaiti dinar is equal to approximately 190 rubles, 1 Iranian rial is 0.0017 rubles.

World currency exchange rate table

The most expensive currencies in the world

The pound sterling is the main currency of Great Britain. Initially, all English colonies also used pounds, only locally produced, and they differed in type. Today, the situation has not changed, and the former colonial countries of the United Kingdom still issue their own pounds sterling, which, however, are not accepted in Great Britain itself. It is worth noting that silver coins used to be called sterling, and banknotes appeared only at the end of the 17th century.

The Jordanian dinar is the official currency of the Kingdom of Jordan, located in the Middle East. The value of this currency in global economic relations is very difficult to explain even to the most experienced experts. Let's start with the fact that the economy of this country is extremely unstable, and the state itself is poorly provided with resources. However, most analysts agree that the value of the dinar is determined by the development of agriculture and its peg to the US dollar.

The value of this currency in the world is quite logical and understandable. Oman is a state on the Arabian Peninsula with very high rates of economic development. Due to the high cost of the currency, it is issued in denominations of a quarter or half of a rial. Experts also explain this by the strong peg to the US dollar. It is worth noting that the rial exchange rate mirrors the United States dollar exchange rate.

This currency earned its place in the ranking solely thanks to oil sales, as this is an economically formative factor in Bahrain. Bahrain is located in the Arabian Gulf and has a population of less than a million people. As for the interesting facts about this dinar, we only know that its exchange rate has not changed for more than 15 years, which makes it the most stable currency in the world.

Today, the Kuwaiti Dinar is the most valuable currency in the world. As in the case of the Bahraini dinar, the rise in prices for the Kuwaiti currency is due to active exports of oil and petroleum products. In addition, oil sales are the main and only economic base of the country. It is worth noting that the Kuwaiti dinar has been in global circulation since 1996.

Monitoring exchange rates can be one of the components of your success in the financial sector. Many people make very good careers by making money specifically on currency exchange rate fluctuations. Tomorrow you could be one of them, and this is quite possible.

Switzerland is not easy to find on the map, but the country's currency is the strongest in the world. At the beginning of February 2006, 1 Swiss franc cost 21.9 rubles, and ten years later it rose in price to 73.74 rubles, strengthening by 236.7%. This currency is in great demand among wealthy people. It is not for nothing that all Swiss banks are considered the most reliable in the world.

However, market analysts are inclined to believe that the Swiss franc is greatly overvalued. In January 2015, the local Central Bank canceled the peg to the euro - and in 10 minutes the currency rose in price by 20-30%. A strong franc hurts the local economy as goods produced locally have become expensive for foreign consumers. The authorities want to weaken their currency, but so far they have not been very successful.

The Chinese yuan came in second place. Until July 2005, this currency was pegged to the US dollar, but in recent years the local government has embarked on a controlled devaluation of the yuan in order to increase economic growth. Despite all the weakening, the yuan has risen in price against the ruble by 228.1% over ten years. From October 1, 2016, the yuan will become the world's reserve currency. Russian banks already offer deposits in yuan, on which you can earn up to 4.25% per annum.

The Israeli shekel became the third most reliable. This currency has strengthened against the ruble by 215.9% over ten years. The shekel exchange rate is floating, but stable - over ten years it has fallen slightly in price against the dollar.

The American currency was only in seventh place. The dollar/ruble exchange rate has strengthened by 169.6% since 2006. Ahead were the Thai baht (+195.7%), Brunei dollar (205.9%), Singapore dollar (+206.1%), and the Bolivian Boliviano (+211.17%), the existence of which many Russians don’t even know knew.

Top 10 strongest currencies in the world

№	Currency	Cost as of February 1, 2006, rub.	Cost as of February 1, 2016, rub.	Growth against the ruble over 10 years
1	Swiss frank	21,9	73,74	236,71%
2	CNY	3,48	11,42	228,16%
3	Israeli shekel	6,02	19,02	215,95%
4	Bolivian Boliviano	3,49	10,86	211,17%
5	Singapore dollar	17,3	52,97	206,18%
6	Brunei dollar	17,3	52,92	205,90%
7	Thai baht	0,71	2,1	195,77%
8	U.S. dollar	28,13	75,84	169,61%
9	Japanese yen	0,23	0,62	169,57%
10	UAE dirham	7,65	20,55	168,63%

The most expensive currency was the Kuwaiti dinar, which on February 1, 2016 was sold on the stock exchange at 247 rubles. 89 kopecks per unit. However, its growth against the Russian currency was 157.5% (18th place). The euro has gained weight over ten years by 140.6% (25th place), and the British pound by 115.72% (32nd place).

Dollar check

If the dollar is used as the initial currency, then among the top ten leaders the Chinese yuan will come out on top, having strengthened against the dollar by 24.8%. The Swiss franc came in second with 20.3%. The third, as in the main study, was the Israeli shekel, which added 14.8%. It is also confirmed that the Thai currency turned out to be stronger than the American one - it grew by 8.7%.

Why does the ruble always weaken?

The national currency is a mirror of the wealth and development of the economy, says Sergei Alin, deputy director of the analytical department of the Okay Broker investment company. According to him, the ruble is highly dependent on the cost of oil. The solution to the problem can only be diversification of the economy and improvement of the investment climate.

“The ruble is mainly weakening against other currencies due to high inflation. It is a consequence of the rapid growth of tariffs of natural monopolies, the expectations of the population and the fall in prices for raw materials, primarily energy resources,” says Natalya Levina, Deputy Chairman of the Board.

Invest wisely

Sergey Alin argues that investing in foreign currency in order to protect savings for the next 10 years will definitely pay off. The expert recalls that after the 1998 crisis, the dollar rose in price from 6 to 21 rubles, and today it is already close to 80 rubles.

If the market situation heats up to the limit, then it is logical to keep part of the funds not in the bank, but in “paper” form, the expert advises.

“No one knows what will happen in the world on the horizon in 10 years. For example, not a single specialized analyst predicted a sharp drop in oil prices to $27 per barrel. To protect your savings, you need to diversify your portfolio by investing in US dollars, rubles, highly liquid stocks and gold,” warns Natalya Levina.

The head of the analytical center Sravni.ru Vadim Tikhonov also recommends diversifying risks by investing in several assets. Relying only on dollars is risky, since the US currency has periods of growth and weakening. Each such cycle lasts approximately 15 years, the expert recalls.

Where to buy rare types of currency?

Many exotic currencies can be purchased from Russian banks. For example, this applies to Swiss francs, yuan, Japanese yen, Israeli shekels, etc. “The main thing is to buy currency in a real representative office of a bank, and not in an incomprehensible exchanger at a metro station or in a tent, etc. It is better to spend time and compare, choosing the most advantageous offer. Of course, if you are going to buy currency for the long term, then it is not necessary to chase a difference of several tens of kopecks,” advises Sergey Alin from Okay Broker Investment Company.

The ideal option is to place your savings in 2-3 types of foreign currencies.

For those who need larger sums, it is more profitable to go shopping in a country where the required currency is in circulation. For example, it is more logical to buy Thai baht in Thailand, and dirhams in the UAE. In this case, you will first have to buy American dollars with rubles. If you go somewhere with rubles, the losses on the exchange rate will be significant.

Experts do not recommend buying euros if you are not a frequent visitor to the eurozone - the countries of the European Union are experiencing an economic crisis. It is better to bet on the Singapore dollar, yuan and Swiss franc.

Economist. More than 15 years of experience in finance. Date: December 11, 2018. Reading time 6 min.

The Kuwaiti dinar is firmly in first place in the ranking of the most expensive currencies in the world. The cost of 1 dinar is equal to 217 rubles. This high rate is associated with large oil fields in the state and the constantly rising price of oil. Among European currencies, the British pound has the best position - for 1 pound they ask for 84.42 rubles.

Most Russians closely monitor price rates on stock exchanges. They are mainly interested in the ratio of the ruble to the dollar and the euro. However, the most expensive currency in the world is not North American, or even European. You can get acquainted with the leaders in this segment from this rating.

5th place. GBP

The apogee of the popularity of the British pound falls at the turn of the 19th – 20th centuries. It was during this period that the state experienced maximum prosperity. The development of the United States economy and the corresponding rise in the dollar have reduced the value of the English currency on the international market.

The country's economy confidently occupies a leading global position. In Europe it is second only to Germany, and in the world it is in 6th position. The development and execution of public financial manipulation of the Kingdom's treasury rests with Her Majesty's Treasury. Responsibility for issuing the national currency lies with the Bank of England, which is central.

Each of the British colonies uses its own national currency, which has visual differences. However, their quotes are 1 to 1. At the same time, native British people often refuse to accept them as a unit of account.

Table 1. Quotes for the cost of 1 British pound sterling (GBR

4th place. Latvian lats

The Latvian currency has been used twice in the country. The first appeal was from 1922 to 1941, the second – from 1993 to 2013. In Soviet times, the Latvian ruble was in circulation, which was exchanged in a ratio of 1 to 200 to the ruble, that is, for 100 lats you could get about 7,000 rubles. Used until June 28, 1993.

The Latvian currency could be the “heaviest” in Europe and be in this top almost on the same level as the British pound sterling. However, history turned against him, and on January 14, 2014, the lats were withdrawn from circulation.

This happened at a time when Latvia became a member of the European Union. This was January 1, 2014, and the currency change was carried out within 2 weeks. Thus, today the Latvian lat is a non-existent currency, and the euro has become the national currency.

Table 2. Exchange rate codes for 1 Latvian lat are given as of January 2014.

3rd place. Omani real

The economy of this state, located in the southeastern part of the Arabian Peninsula, is concentrated on oil exports. The exchange rate of the national currency directly depends on stock exchange statistics. Surprisingly, Oman’s GDP per capita is only $23,870, and this is only 53rd position on the list of developed countries.

Due to the fact that the country’s reserves of “black gold” are running out, a decision was made to introduce measures that could minimize the crisis in the local economy. Every year, more and more efforts are directed towards diversifying the economy: towards the development of natural gas, metallurgy and the tourism business.

Table 3. Quotes for the cost of 1 Omani rial (OMR) against other currencies

2nd place. Bahraini Dinar

The small island kingdom in the Persian Gulf currently has the second most valuable currency in the world rankings. The secret to the stability of the country's money lies in its attachment to the American dollar. This allows us to maintain a leading position for 15 years.

The successful history of the country's economic development begins in 1932. At this time, oil fields were discovered, which, together with stable pearl production, made the Bahraini dinar one of the leaders. Currently, the production of “black gold” has decreased by almost 50%, but the shortfall is covered by significant reserves of natural gas.

Table 4. Quotes for the cost of 1 Bahraini dinar (BHD) against other currencies

1 place. Kuwaiti dinar

Today it is the most expensive currency in the world. In the monetary rating it is the most stable and freely convertible unit. Huge oil reserves make this tiny emirate a leader in its reserves.

Every year, 96% of the country's GDP increases only due to deposits. A similar amount falls on the revenue side of the state budget. According to information provided by its own experts, there are 102 billion barrels at disposal, which is equal to approximately 10% of all world reserves.

Table 5. Quotes for the cost of 1 Kuwaiti dinar (KWD) against other currencies

The population of Bahrain as of 2016 is 1.425 million people. Of these, every 15th is a ruble millionaire.