Hungarian forint: one of the world's weakest currency.
Bulgaria is often considered the cheapest country in Europe, mainly due to its favorable exchange rate.
1. Iranian Rial. The Iranian Rial is the least valued currency in the world.
Yet again, the Iranian rial remains the lowest currency in the world in 2022, with a value of over 42 thousand IRR to $1 USD. The rial has remained the weakest currency as a result of sanctions that prevent Iran from exporting petroleum into the global market, partially due to political instability in the region.
The Euro (EUR) is the official currency of the eurozone, which includes 19 of the European Union's 27 member states. Following the US dollar, the Euro is the second largest reserve currency as well as the second most traded currency in the world.
1 USD = 0.930478 EUR Jan 11, 2023 07:45 UTC
The currency converter below is easy to use and the currency rates are updated frequently.
Key Takeaways. Overall, Europe has a lower cost of living due to lower healthcare expenses, a weakening euro currency, and low inflation. Europeans, however, tend to pay more of their income to taxes, and average wages tend to be lower than in America.
#1 – Swiss Franc
Swiss Franc rates: 1 CHF = 1.02 USD (Swiss Franc to US Dollar). 1 CHF = 1.01 EUR (Swiss Franc to Euro). Starting off our list is the official currency of Switzerland and Liechtenstein.
The British pound sterling (GBP) The Japanese yen (JPY) The Australian dollar (AUD) The Swiss franc (CHF)
Understanding Hard Currency
The most tradable currencies in the world are the U.S. dollar (USD), European euro (EUR), Japanese yen (JPY), British pound (GBP), Swiss franc (CHF), Canadian dollar (CAD) and the Australian dollar (AUD).
Exchange Rates
For much of the past two decades, 1 Euro has always been worth more than 1 US dollar. However, in October 2022, the Euro/Dollar exchange rate briefly went below $1. Historical exchange rate for 1 Euro to US dollars.
The Euro
As far as May 2022, the Euro equaled 1.07 USD, which still meant that the Euro was stronger, but by barely a bit. Today, in July 2022, 1 Euro = 1.01 USD, meaning that the USD is catching up. The Euro, in the long run, remains strong as it is set by policies of the European Central Bank.
1 EUR = 1.074506 USD Jan 11, 2023 11:30 UTC
Check the currency rates against all the world currencies here.
1. Kuwaiti dinar. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling. Kuwait is a small country that is nestled between Iraq and Saudi Arabia whose wealth has been driven largely by its large global exports of oil.
The collapse of the dollar remains highly unlikely. Of the preconditions necessary to force a collapse, only the prospect of higher inflation appears reasonable.
This amount includes notes, coins and all kinds of currencies. If you are searching for the total amount of physical money — notes and coins — you can expect to have around $40 trillion in the world right now.