Despite being the most used currency in the world, the U.S dollar’s value is far less than several other countries’ currencies. There are a lot of factors such as economic growth, oil prices, foreign investments, etc that determine the value of each country’s currency. Here’s a list of currencies that are stronger than the U.S dollar.
(1 EUR=1.11 USD)
19 European Union countries such as Germany, Greece, Finland, Austria, Belgium, etc use Euro as their sole currency. The increase in bank interests is one of the main reasons people want to have their money in Euros.
Also called the Sterling, British pounds have always remained stronger than the U.S dollars. Britain’s strong economy contributes to the currency’s increasing value.
3. Kuwaiti Dinar
(1 KWD=3.29 USD)
The strongest currency in the world, Kuwaiti Dinar stands strong because of the country’s rich oil sources. Petroleum exports are the main source of income for Kuwait’s wealth and economic growth.
4. Bahrain Dinar
(1 BHD=2.65 USD)
A sovereign state in the Persian Gulf, Bahrain is an island nation whose economy wholly relies on black gold export. With a population of just 1 million, Bahrain Dinar is one of the strongest currencies in the world.
5. Oman Rial
(1 OMR=2.60 USD)
Oman is an Arabian country in the Middle East with Muscat as its capital. The Islamic nation is popular for its oil exports that have strengthened its economy over the years.
6. Jordanian Dinar
(1 JOD=1.41 USD)
Yet another Arabian nation in the list, Jordan, in spite of not earning much through its oil resources, still made it to the list of the strongest currencies of the world. Foreign assistance plays a major role in sustaining the country’s economy.
7. Cayman Islands Dolla
(1 KYD=1.22 USD)
Comprising 3 different islands, the Cayman Islands is a British Overseas Territory, an ultimate tourist destination. Its tourism and financial sector contribute to the country’s GDP (gross domestic product).