10 of the most valuable currencies in the Foreign Exchange market
today.
International Money Transfer Currency
exchange is fast becoming a very popular financial
transaction. The rise in the need for foreign currency
can be attributed to the increased foreign trips, both
personal and business. The rise in number of people
moving away from their homes to foreign lands for
jobs, studies, etc. is also fueling the rise in forex needs.
The world is fast becoming a global village and there’s
always a chance you might need to exchange
money in the near future. To keep you informed
regarding the matter.
This article will highlight some of the world’s most expensive
currencies and their value as of today against the INR.
Number 10th the US Dollar:
This is probably one of the most common
currencies in the foreign exchange market.
But even so, this currency finds its place at the
bottom of our ’10 most valuable currencies’
list. As of this moment, it would take you 62.87
Indian Rupees to buy one US Dollar.
The 9th most valuable currency in the Foreign Exchange market -
The Swiss Franc:
The abbreviation for the Swiss Franc is CHF,
this is because the Latin name for Switzerland
is Confederation Helvetica and the currency of
the country is called Francs, hence the
abbreviation CHF. CHF is also the currency of
Liechtenstein. If you are looking to some Swiss
Francs for your travels to Switzerland, you can
expect to shell out around Rs. 67.25 for single
CHF.
The 8th most valuable currency – the Euro:
The Euro is probably the second most common traded
currency after the US Dollar. This currency is used by
19 countries out of the 28 member European Union.
The Euro has one of the highest value of coins and bank
notes in circulation today with a combined value of
around 11,100,00,00,000 Euro. If you are looking to buy
Euros, you can expect a rate of nearly Rs. 76.74 for
every Euro you buy.
7th is the Caymanian Dollar.
Also known as KYD, this currency is the currency of the
Cayman Islands. The most common exchange rates for
this currency is the US Dollar to KYD Currency
exchange rates. One KYD will cost your around Rs.
77.89 as of today’s exchange rates.
Number 6th is Gibraltar Pound.
As the name suggest, this is the currency of the
Gibraltar Islands. This currency is most commonly
exchanged with the British Pound Sterling at
par values. One GIP is worth Rs. 84.04 at today’s
exchange rates.
5th on the list is the Pound.
This is the 4th most traded currency in world behind the USD, the Euro
and the Japanese Yen. Most people think that this currency is only
used in the UK, however, the Pound if also the official currency of
Guernsey, Jersey, the Isle of Man, South Georgia, the South Sandwich
Islands, The British Antarctic Territory and Tristan de Cunha. Buying one
Pound could set you back by Rs. 84.18.
The 4th most valuable currency is the Jordanian Dinar.
Abbreviated as JOD, it is one of the 3 Dinars that
find themselves in the top 4 most valuable
currencies in the Foreign Exchange Market.
This currency, along with the new Israeli Shekel,
is circulated in Jordan and the West Bank
territory. One Jordanian Dinar can cost you as
much 90.13 Indian Rupees as of today’s
exchange rates.
Number 3rd on the most valuable foreign exchange currencies is
the Oman Rial.
This is the currency used in Oman and what’s
surprising is that before 1940, Oman used INR
as its official currency. Even till this day, the
most popular Omani Exchange rate is INR
to OMR with a whopping Rs. 167.28 required to
buy a single OMR.
Number 2nd the Bahraini Dinar.
This is the second most valuable
currency in the foreign exchange
market today. This also a very popular
currency exchanged in India as Indians
are the largest expat group in Bahrain.
One BHD will purchase you around 170
INR in today’s market.
And the most valuable currency in the foreign exchange market is
the Kuwaiti Dinar.
This oil-rich country has topped the currency
value list for a few years now. Kuwaiti
Dinar is abbreviated as KWD is most
commonly exchanged with the INR owing
again to India’s strong expat community in
the nation. Buying one KWD could cost you
as much as 210.05.
These were some of the most valuable currencies in today’s forex market. If
you ever need to buy any of these currencies, there are numerous online
forex portals that will provide you these currencies at the best rates and
lowest commission charges.
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