When the strongest currency is mentioned in any discussion, what comes to our mind is the US dollar, pound, euros or even the Saudi dirham but not knowing that all the currencies mentioned above are not even in the top five of the strongest currency in the world.
If you have been wondering about the strongest currency in the world then bother no more, as Gistbriefly will list them for you and their value.
Top 10 strongest currencies in the world 2023
10. Canadian dollar (CAD)
This currency is otherwise called “loonie” which serves as a honour to the one coin dollar bird. The Canadian dollar has a total of 5 percentage trade in the Crypto verse i.e forex trade.
It is the sixth and fifth most traded and largest currency in the world.
9. US Dollar (USD)
Popularly known as the global currency because almost all commercial and central bank reserves currencies in dollars, the dollar is the official currency of the United States of America.
This has made it possible that almost 70% of the currency, is spent outside the United States of America and more than 1 trillion dollars are in circulation.
8. Swiss Franc (CHF)
Switzerland is known for it which means in creation of gorgeous knives chocolate and many other fashionistics.
This has therefore made the Swiss currency one of the most strongest in the world.
7. European Euro (EUR)
I know you might be expecting to see the euro among the top five but not knowing that they are other currencies that you might not be familiar with that are stronger than euro.
Although the Euro is fastly becoming stronger day by day but and it is the official currency in 19 countries known as the European Union which consist of Spain, Greece, Ireland, Italy, Latvia, lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Austria, Cyprus, Belgium, Germany, France, Finland, Slovakia and Estonia.
6. Cayman Islands Dollar (KYD)
This currency sound strange or rather new to you because you might have never heard of it before.
The KYD is an official currency of a country known as the Cayman Islands making a total of 1.22 US Dollars to one KYD.
5. British Pound Sterling (GBP)
This is known as one of the most oldest currency that still exists and among the most traded currency in the world.
Being the best currency in Europe, GBP is the Official currency South Sandwich Island, The Isle of Man, South Georgia, Jersey, Guernsey, Tristan da Cunha and the British Antarctic territory.
4. Jordanian Dinar (JOD)
This is the official currency of Palestine introduced in the Year 1949 to replaced the old Palestinian pound.
The government of this country is the only one who controls the exchange rates of the currency.
3. Omani Rial (OMR)
The country known as Oman owns this currency as it has a high standard of living and a very developed country.
This currency has a very high purchasing which is only issed by the government of the country.
2. Bahraini Dinar (BHD)
The BHD is the official currency of a country known as Bahraini which a very strong exporter of petroleum products. it is the second strongest currency in the world.
1. Kuwaiti Dinar (KWD)
As at 2023, the Kuwaiti Dinar is the Strongest currency in the world and values at 3.31 USD per 1 KWD.
The oil in the country has made its economy strong and stable and also making the currency the strongest in the world.