10 Strongest Currencies in the World
Which is the strongest currency in the world? As our list of 10 strongest currencies in the world unfolds, you will come to know that the United States Dollar is in fact not the strongest currency in the world in terms of value. What makes USD nearly the most valuable one in terms of demand is the fact that it is used as world’s reserve currency. This simply means that USD is extensively used in international commerce, and particularly crude oil. Moreover, the US Dollar is also directly linked to commodities like Gold, Silver and Platinum with every turn in the value of USD manipulating the price of oil and precious metals considerably.
10 Libyan Dinar
The long disturbed state of Libya still maintains a strong currency owing to its oil production. You can buy 1 USD with 1.38 Libyan Dinars, and the average salary per month is around $3.842.
9 Canadian Dollar
Neighboring state to the US, Canada has an enormous land. Canada has rich resources and comparatively low population along with its access to the Arctic and oil. 1 Canadian Dollar can get you $0.76 at present showing signs of enhancement as compared to the first few quarters of 2015. The average salary per month is $4.245 in Canada.
8 Azerbaijani Manat
Azerbaijan completes is rich in Natural Gas. At present 1 Manat comes equivalent to $0.96, and so far in 2015 the average bid is 0.99 Manat for $1. The average salary per month in Azerbaijan is about $3.500.
7 Swiss Franc
Switzerland is the banking haven and an extremely strong economy. In average $1 equals 0.95 CHF, and the Swiss currency is used by a lot of people as the main currency for their savings. The average salary in Switzerland is $9.374 per month.
Euro equals to $1.12. The spread used to be wider, however USD has been doing really fine for the duration of the second half of this year, reducing the disparity.
5 Jordanian Dinar
Jordanian Dinar is the foundation of the top 5 strongest currencies vs. the US Dollar, having a exchange rate of 0.71 on average with the USD as base currency. Jordan’s monthly average salary is approximately $2.700.
4 Great Britain Pound
If you are an American vacationer in the United Kingdom then you need to pay $1.58 for 1 pound in average. Great Britain’s currency became powerful all through the Colonial era and it still stays a top currency used in savings accounts. The average compensation per month in England (not whole UK) is around $6.785.
3 Bahraini Dinar
Bahrain has a strategic position that upholds international trade. Having a developing economy as well as industry, Bahrain’s economy is one of the strongest in the world and also the most stable in the region. 1 BHD measures up to $2.56 on average and the average salary in the country comes around $3.500 per month.
2 Omani Riyal
In the same way Oman holds a prime location that endorses international trade. 1 OMR can buy you 2.6 US Dollars on average in 2015. As a country Oman may not be that attractive, nevertheless the monthly average comprehension comes around $4.100 which clearly convinces just about anyone to give Oman a try as an expat.
1 Kuwaiti Dinar
The list of the 10 strongest currency in the world cannot be complete without Kuwait which is reaping the fruits of a thriving economy anchored in their trade and oil. Kuwaiti Dinar is equal to $3.30 US Dollars on an average! The average salary of the country is rather attractive at $3.650 per month.
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