What do you think of when you hear the phrase Highest Currency in the World List (in Indian Rupees)? Perhaps you imagine bills with larger denominations, like $100 bills and €500 notes, or maybe you think of how many zeroes are on the bills themselves. Though these factors certainly do play into how high a currency ranks, it’s not the only thing that goes into figuring out which currency tops the list.
Here’s a rundown of the highest currency in the world list along with its value in Indian rupees.In this article, you will find all the information about Highest currency in the World List (in Indian Rupees).
|S. No.||The Highest Currency in the World List (in Indian Rupees)||Value of||in Indian Rupees|
|2.||United States Dollar||1 USD||81.50|
|3.||Swiss Franc||1 CHF||84.24|
|4.||Gibraltar Pound||1 GPB||95.46|
|5.||Caymanian Dollar||1 KYD||95.99|
|6.||Jordanian Dinar||1 JOD||112.13|
|7.||Omani Rial||1 OMR||206.49|
|8.||Bahraini Dinar||1 BHD||210.89|
|9.||Kuwaiti Dinar||1 KWD||259.21|
The Euro is the official currency of 19 of the 28 member states of the European Union.
The euro was introduced to world financial markets as an accounting currency in 1999 and became an official physical currency in 2002.
It is the second-most traded currency in the world after the United States dollar.
The EUR has three major central banks: the European Central Bank, Banque de France, and De Nederlandsche Bank.
Presently 1 Euro is equivalent to 79.06 in Indian Rupee
8: United States Dollar
The United States Dollar is the highest currency in the world. It is also the most traded currency in the world. The United States Dollar is worth more than any other currency because it is backed by the United States government.
The United States Dollar is also used as a reserve currency, which means that it is held by central banks around the world.
In many countries, goods and services are priced in United States Dollars, so these countries need to have a lot of US Dollars on hand.
For example, if Canada imports goods from Japan then they will pay for them with Canadian dollars but they need to convert their Canadian dollars into US Dollars before they can make the payment to Japan.
Presently 1 United States Dollar is equivalent to 81.50 in Indian Rupee
7: Swiss Franc
The Swiss Franc is one of the highest currency in the world list (in Indian rupee). It is used by the Swiss National Bank and is pegged to the Euro.
The Swiss Franc has a reputation for being a safe haven currency, which means that it is often used by investors during times of economic uncertainty.
The Swiss Franc is also one of the most traded currencies in the world. In spite of its high standing on the list, this is largely due to Switzerland’s size as a country.
For example, even though the value of each United States dollar would be worth less than 1/100th of an individual Swiss Franc, there are so many US dollars floating around in international trade that they come out higher on the list.
Presently 1 Swiss Franc is equivalent to 84.24 in Indian Rupee
6: Gibraltar Pound
The Gibraltar Pound is one of the highest currency in the World List (in Indian Rupees). It is also one of the oldest currencies, dating back to the early days of British rule in Gibraltar.
The value of the Gibraltar Pound is pegged to the British Pound, and it is used interchangeably with the British Pound Sterling throughout Gibraltar.
The currency is also legal tender in the United Kingdom.
Presently 1 Gibraltar Pound is equivalent to 95.46 in Indian Rupee
5: Caymanian Dollar
The Caymanian dollar is the official currency of the Cayman Islands, and is pegged to the US dollar. One Caymanian dollar is equal to 100 cents.
Caymanian dollar is subdivided into 100 eighths, with 8 eighths equal to one shilling.
The government issues both coins and banknotes, and there are also a number of private banks that issue their own banknotes. Coins come in denominations of 1, 5, 10, 25, 50 cents, and 1 dollar.
Presently 1 Caymanian Dollar is equivalent to 95.99 in Indian Rupee
4: Jordanian Dinar
The Jordanian Dinar is the official currency of Jordan. It is divided into 100 subunits called fils. The dinar was introduced in 1949 to replace the Palestine pound.
The Jordanian Dinar is one of the highest-valued currency in the World List (in Indian Rupees). One Jordanian Dinar is worth about 1.41 US dollars.
The currency is also used in some other countries, such as Iraq and Lebanon.
Presently 1 Jordanian Dinar is equivalent to 112.13 in Indian Rupee
3: Omani Rial
The Omani rial is the currency of Oman. It is divided into 1000 baizas. The rial was first introduced in 1973.
At that time, it replaced the Gulf rupee at a rate of 1 rial = 2.8 rupees. The rial has been pegged to the U.S. dollar since 1986 at a rate of 1 dollar = 0.3850 rial. As of 2016, the Omani rial is the fourth highest currency in the World List (in Indian Rupees).
Presently 1 Omani Rial is equivalent to 206.49 in Indian Rupee
2: Bahraini Dinar
The Bahraini Dinar is the official currency of Bahrain. It is divided into 1000 fils. The dinar was introduced in 1965, replacing the Gulf rupee. One Bahraini Dinar is equal to about 2.65 US dollars.
The Bahraini Dinar is one of the most valuable currencies in the world. After World War II and before 1965, it was the only currency used in Bahrain. It replaced the Gulf rupee that had been used since 1932.
On June 22nd, 2001, 1 Bahraini Dinar equaled $1 U.S., making it the first Middle Eastern country with a stable currency and without any foreign debt according to The Economist Intelligence Unit’s 2004 survey of global purchasing power parity (PPP) which measures various countries’ currencies against U.S.
Presently 1 Bahraini Dinar is equivalent to 210.89 in Indian Rupee
1: Kuwaiti Dinar Highest Currency in the World
The Kuwaiti Dinar is the highest currency in the world, followed by the Bahraini Dinar and the Omani Rial.
The Kuwaiti Dinar is pegged to the US Dollar and has been since 2003. The Bahraini Dinar is also pegged to the US Dollar.
The Omani Rial is not pegged to any currency, but it is still a strong currency. It’s worth around 2.2 USD per 1 OMR at the time of this blog post.
In general, when oil prices go up so do these currencies because they rely on oil exports for economic growth. In 2008 when oil prices dropped so did these countries’ economies with them (with Saudi Arabia’s economy suffering worse than most).
Presently 1 Kuwaiti Dinar is equivalent to 259.21 in Indian Rupee