Top 10 most expensive currencies in 2022

One thing that comes into our mind when we think of the highest currency in the world is the US dollar or British pound or Euro. But you’d be surprised if you know that none of these are the top most expensive currencies in the world. The highest currency does not necessarily always belong to the wealthiest nations of the world. 

Top 10 most expensive currencies in 2022

The highest currency is determined based on the value it gets when it is exchanged with another currency. Although the US dollar is not the most expensive currency in the world, it is the most traded and strongest currency in the world. Here in this article, we are going to list out the 10 top most currencies in the world listed as of 2022.

1. Kuwaiti Dinar (KWD)

The Kuwaiti dinar is ranked as the highest currency in the world. The currency code for Kuwait Dinars is KWD. It has been listed in the top position in the chart due to its country’s oil-rich economic stability. The Kuwait economy is heavily dependent on oil exports as the country has one of the largest global reserves. 

Another specialty of this country is that people who work in Kuwait do not have to pay any sort of taxes to the government. The popular currency pair of the Kuwaiti dinars is the Indian rupee due to its highest exchange rate. One Kuwaiti Dinar is equal to 260 Indian Rupees as of 2022.

2. Bahraini Dinar (BHD)

Bahrain, located in the Arabian Gulf has the second highest currency in the world which is the Bahraini Dinar. The reason for this country’s highest currency is again heavily relevant to the country’s oil exports. 

Bahraini dinar also has the highest exchange rate with the Indian rupee as Indians are the largest expat group in Bahrain. One Bahraini Dinar is approximately equal to 212.64 Indian Rupees as of 2022.

3. Omani Rial (OMR)

The Omani Rial, the currency of Oman, is ranked as the third highest currency in the world. The country Oman situated on the southern coast of the Arabian peninsula highly relies on its rich oil reserves. The most popular Rial exchange rate is the Indian Rupees to OMR rate as the country Oman used INR as its official currency before 1940. 1 OMR value is equal to 208.18 INR as of 2022.

4. Jordanian Dollar (JOD)

The Jordanian Dinar belonging to the country Jordan is ranked as the fourth highest currency in the world. The Jordanian government always keeps fixed exchange rates with other countries and this is the main reason why the country’s currency value is so high. 

The economy of the country is diversified into multiple different sectors and is not so heavily reliant on only oil exports as its neighboring countries. The popular exchange of Jordan JOD is EUR. The value of one JOD is approximately equal to 112.87 INR as of 2022.

5. Caymanian Dollar (KYD)

The Cayman Islands dollar is ranked as the fifth highest currency in the world. The most popular Cayman Islands exchange rate is with Dollars. Until 1972, the Jamaican dollar was used but after that year Cayman Islands dollar was made the official currency. The value of one KYD is approximately equal to 96.19 INR as of 2022.

6. Gibraltar Pound (GIP)

The currency of Gibraltar is ranked as the highest currency in the world. The Gibraltar government is responsible for minting coins and printing notes of the country’s currency. The most popular Gibraltar pound exchange rate is with Euros. 

Gibraltar is located close to the overseas territory of Britain. The economy of Gibraltar is dependent on various factors like tourism and e-gaming. 1 Gibraltar pound is approximately equal to 94.64 Indian Rupees as of 2022.

7. British Pound (GBP)

The British pound which is the currency of Great Britain is ranked as the sixth highest currency in the world. The British pound is also the official currency of Jersey, Guernsey, the Isle of Man, South Georgia, the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. The most popular exchange rate of the United Kingdom pound is EUR. 

The British pound is the fourth most traded currency in the foreign exchange market after the United States dollar Europe and the Japanese yen. Also, the British pound is the oldest existing currency that is known to the world, and London is known as the financial hub of the world. 1 British Pound is approximately equal to 94.36 Indian Rupees as of 2022.

8. Swiss Franc (CHF)

The Swiss Franc, the currency of Switzerland and Liechtenstein, is ranked as the 8th highest currency in the world. Currently, 1 Franc value is approximately equal to 81.21 INR as of 2022.

9. United States (USD)

The United States dollar is the most traded currency in the world which has the highest exchange rate with EUR. The United States of America, which is considered the most powerful nation in the world, has its Global currency backed by the power of the United States in the global political landscape. 1 United States dollar is approximately equal to 80.12 Indian Rupees as of 2022. 

 10. Euro (EUR)

Euro which is the official currency of the Eurozone is ranked the tenth highest currency in the world. The Eurozone is made up of 19 to 27 member states of the European Union that include Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Portugal, Slovakia, Slovenia, and Spain. Euro is the second most traded currency in the world after the US dollar. The value of one euro is approximately equal to 79.82 Indian Rupees as of 2022.

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