Last Update May 22, 2018
The most expensive currency of 2016 is the Euro or the British pound instead of the U.S Dollar. The currencies are the most valuable in the world which belongs to the economies that are the wealthiest. The currencies are listed with the U.S Dollar which runs for the money for the most expensive currency in the world. All the rates of exchange are from 19th January, 2016.
Some of the most expensive currency is listed as follows
10) Australian Dollar ( AUD )
1 AUD buys $ 0.69 U.S
The currency of Aussie is based on commodity and it more like the Canadian dollar which also adds exposure to the Far East trade and also the Japan. 2015 is the horrendous year which is famous for its natural sector of resource and it shows the plain enough for the value of currency down under this and it is clinched still in the final spot with the list of most expensive currency.
9) Singapore Dollar ( SGD )
1 SGD buys $ 0.70 U.S
Independence is gained in 1965 and this currency of Singapore came into existence with the pegged currency and it was the first British pound to the U.S Dollar. This currency started to float free in the next 20 years which gave room to SGD in run. The value was skyrocketed as Singaporean which became the intellectual hub for the East. The beating country has the gross domestic product which forecasts the last two quarters and look for the strongest SGD.
8) Bruneian Dollar ( BND )
1 BND buys $ 0.70 U.S
Brunei is the nation in tiny shape found in the Southeast region of Asia. It was nestled between South China Sea and Malaysia. This country is little which has an extremely high GDP for per capita. This currency has fallen from a high percentage of about $ 0.83 U.S and this peak was before 5 years and this Bruneian dollar packed a big punch of the global markets of forex.
7) Libyan Dinar ( LYD )
1 LYD buys $ 0.74 U.S
Arab Spring was so called and this Libya was plunged into the chaos which was the dictator of iron fisted and Muammar Gaddafi was thrown over by the populist movement of raging to field in the country unifying. The bountiful supply of Libya kept the currency of nation to be with good standing position. The price of stamp was crude in it which remained at number seven in the list and it is known to be the most expensive currency in the world.
6) Swiss Franc ( CHF )
1 CHF buys $ 0.99 U.S
Switzerland is the secretly famous banking sector which made the national currency a safe haven for the capital of international and this country pegged it into the euros which then joined this union of currency and opted for the dual system to choose the Franc in abolishing. Last year was freely floating to cause he appreciation sharply to exchange all the rates.
5) Euro ( EUR )
1 Euro buys $ 1.09 U.S
The dysfunctional political and economic system is terrible. It manages the euros above this U.S Dollar which also remains to be the most expensive currency on this planet and it is very much tragic for the people who visits places like Paris or Rome. It is an expectation of the slide to be down in this list.
4) British Pound ( GBP )
1 GBP buys $ 1.42 U.S
This U.S dollar gained too many currencies in the previous year. The British pound was ended in 2015 on the streak of positivity. This pound sterling is also very expensive for all the Americans. It is quite embarrassing while hearing about the greenbacks of fistful of all the currencies to be convertible with the half of the quantity and the Mark carney poaching to run England back and also it was a great idea in it.
3) Omani Rial ( OMR )
1 OMR buys $ 2.60 U.S
Middle East has banded all the prices together to be collapsed with the 2014 summer. The actual issues were quite frank with the beginning of oil prices above the $ 100.00 per barrel. The extractors of U.S gave margins to develop shale technology. The oversupply resulted in decimation of crude oil market and this Omani Rial is outrageously expensive and costs about $ 2.60.
2) Bahraini Dinar ( BHD )
1 BHD buys $ 2.65 U.S
The Bahraini dinar is buoyant due to oil market try of Saudi Arabia and it is a factor which is additional in the column. Bahrain is the American naval home base which is influenced by U.S in that region and has got an importance strategically for the kingdom of Bahrain and has an outsize role in the affairs of foreign country to be cemented in the costly statue currency. It ranks at second among the list of most expensive currency.
1) Kuwaiti Dinar ( KWD )
1 KWD buys $ 3.28 U.S
The Kuwaiti dinar is a currency which provides benefits with the crude oil and it has a history in tangled mess. This currency came online for the first time in 1961 and valued against the Indian rupee at 1:13. It measured the basket of all the currencies. They adopted the dinar of Iraq while the Gulf War and then it pegged the dinar of Kuwait in the U.S dollar. It floats in 2007 and then in 2013, it was ranked as the most expensive currency.
pegged the Kuwaiti dinar to the U.S. dollar. However, it’s been free floating since 2007 and in 2013, it became the most expensive currency in the world.