World's Strongest Currencies: India ranks 15; Who is in Top 10?
india Jan 18 2024
Author: Aishwarya Nair Image Credits:Freepik
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Forbes List
Forbes released a list of the top 10 world currencies, comparing them to both the US dollar & Indian rupee and the causes that have contributed to their rise to prominence.
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Kuwaiti Dinar tops the list
According to Forbes, the Kuwaiti Dinar is the strongest currency in the world. One Kuwaiti Dinar is equal to Rs 270.23 and $3.25 with a consistent ranking since 1960.
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2. Bahraini Dinar
Next comes The Bahraini Dinar, which is valued at Rs 220.4 and $2.65.
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3. Omani Rial (Rs 215.84 and $2.60)
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4. Jordanian Dinar (Rs 117.10 and $1.141)
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5. Gibraltar Pound (Rs 105.52 and $1.27)
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6. British Pound (Rs 105.54 and $1.27)
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7. Cayman Islands Dollar (Rs 99.76 and $1.20)
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8. Swiss Franc (Rs 97.54 and $1.17)
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9. Euro (Rs 90.80 and $1.09)
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10. US Dollar
The US Dollar is last on the list, with one USD valued at Rs 83.10.
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Indian currency
According to the Jan 17, 2024 exchange rate published on the International Monetary Fund's (IMF) website, India ranks 15 with value listed as 82.9 per US Dollar.