Which country has the highest currency in the world? It’s not the US dollar, the euro, or any of the other world reserve currencies. In fact, the highest-valued currency in the world is the Kuwaiti dinar.
In this article, we’ll tell you what the Kuwaiti dinar is, and how it compares to the US dollar, and we’ll also share the next six most valuable currencies that exist today.
This article is part of our free series on international currencies, opening foreign accounts, and managing your money with banks in different countries as a foreign non-resident.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Which Country Has the Highest Currency?
- List of Highest Currencies
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Which Country Has the Highest Currency?
The country which has the highest currency in the world against the USD is Kuwait. The Kuwaiti dinar with the currency symbol د. ك, and ISO 4217 Code KWD trades at 1 KWD to 3.25 USD.
The Kuwaiti dinar was first introduced in the country in 1961, as a replacement for the Gulf rupee currency. The dinar continued to be the currency of Kuwait until Iraq invaded and declared it invalid, forcing a 1:1 exchange for Iraqi banknotes.
During the invasion and occupation of the country, large quantities of currency was stolen from Kuwait. Not surprisingly, following liberation, the Central Bank of Kuwait issued a new series of Kuwaiti dinar banknotes, demonetizing the old currency and any currency that was stolen. And now today, Kuwait has become the country with the most valuable international money.
List of the Highest Currencies
The following is a list of the seven highest currencies in terms of conversion to United States dollars. This includes each country, their currency, and the conversion against USD.
List of Strong Currencies
1. Kuwaiti Dinar:
Currency symbol: د. ك,
ISO 4217 Code: KWD
USD Conversion: 1 KWD to 3.25 USD
2. Bahraini Dinar:
Currency symbol: د. ك,
ISO 4217 Code: BHD
USD Conversion: 1 BHD to 2.65 USD
3. Omani Rial:
Currency symbol: ﷼
ISO 4217 Code: OMR
USD Conversion: 1 OMR to 2.59 USD
4. Jordanian Dinar:
Currency symbol د. ك,
ISO 4217 Code: JOD
USD Conversion: 1 JOD to 1.41 USD
5. British Pound (See below):
Currency symbol £
ISO 4217 Code: GBP
USD Conversion: 1 GBP to 1.28 USD
6. Cayman Islands Dollar:
Currency symbol $
ISO 4217 Code: KYD
USD Conversion: 1 KYD to 1.21 USD
7. Swiss Franc:
Currency symbol Fr
ISO 4217 Code: CHF
USD Conversion: 1 CHF to 1.19 USD
Note: Several currencies are issued in territories that are in a currency union with the United Kingdom or are pegged to the value of GBP. In both cases, these currencies are of equal value to the British pound against the United States dollar. These currencies include the Alderney pound (N/A), Falkland pound (FKP), Gibraltar pound (GIP), Guernsey pound (GGP), Jersey pound (JEP), Manx pound (IMP), and St. Helena pound (SHP), which therefore each country and currency hold an equal value of GBP to USD.
Frequently Asked Questions
Below are a few of the most common questions we receive from people looking into which country has the highest currency. If you have further questions you would like to ask our team, don’t hesitate to get in touch.
Which Country Has the “Highest” Money in Terms of Value in the World?
The country with the highest currency value in the world is Kuwait. The Kuwait dinar (KWD) is the highest currency pair against the USD, currently valued at 1 KWD to 3.25 USD.
What Are the Top 5 “Highest” Currencies?
The top five highest currencies in terms of conversion to USD include the Kuwaiti dinar, the Bahraini dinar, the Omani Rial, the Jordanian dinar, the British pound, the Cayman Islands dollar, and the Swiss franc. Each currency is listed above, separated by country, and presented in comparison to USD.
Which Is the “Lowest” Currency in Terms of Value?
The lowest currency in the world in terms of conversion to USD belongs to the country of Iran, the Iranian Rial (IRR). However, additional currencies are also weak in terms of their conversion rates, including the Vietnamese Dong (VND), Sierra Leonean Leone (SLL), Lebanese Pound (LBP), and many others.
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