Top 10 Strongest Currencies in the World in 2022
The world isn’t the same as it used to be previously, before the global outbreak of the Coronavirus pandemic followed by the ongoing conflict between Russia and Ukraine for many months now. It had a devastating influence on major economies across the world by disrupting the supply chain and plunging stocks, bonds, commodities, etc to record lows in 2020.
The definition of strong currency here is the one that is the most costliest when compared to the global reserve currency – the US dollar. In other words, when you will exchange you get the smallest currency return for 1 US dollar.
Below is the list of the world’s top 10 strongest currencies in comparison to the US Dollar as of July 2022.
1. Kuwaiti Dinar: KWD
Kuwaiti Dinar is the world’s strongest currency in the world which makes it hold the number one position. KWD conversion rate is $3.257 which denotes if you exchange one USD you will receive only 0.306 Kuwaiti Dinar.
2. Bahraini Dinar: BHD
Bahraini Dinar (BHD) hits the second spot in the list of the most valuable currencies in the world. BHD conversion rate is $2.659 per one Dinar which denotes you will get 0.37 BHD if you exchange one dollar.
3. Omani Rial: OMR
The Omani Rial stands as the third most expensive currency in the world. OMR conversion rate for one Rial is equivalent to 2.60 USD.
4. Jordanian Dinar: JOD
The Jordanian Dinar is the fourth expensive in the strongest currencies with a conversion rate of 1 JOD = 1.41 USD.
5. Cayman Islands Dollar: KYD
The Cayman Islands Dollar is the only Caribbean currency which is in the fifth position which features in our list of strong currencies. Cayman Islands conversion rate is 1 KYD which is equal to 1.22 USD.
6. British Pound: GBP
British Pound Sterling ranks in the sixth position amongst the world’s strongest currencies holding a conversion rate of 1 GBP equivalent to 1.215 USD.
7. European Euro: EUR
The Euro ranks seventh in our list of the most strongest currencies with a conversion rate of 1.042 against one dollar.
8. Swiss Franc: CHF
The Swiss Franc ranks eighth in our list with a conversion rate of 1.091 against one dollar.
9. US Dollar
US Dollar is considered as the most traded currency in the forex market.
USD is in high demand always as it is accepted all over the world.
10. Bahamian Dollar: BSD
BSD is the official currency of The Bahamas from the year 1966. It is pegged to USD at par.
Businesses which cater to the tourism industry keep some extra US dollars with them for the ease of American tourists.