World Top Currency List with Rates

Apr 09, 2018 | 2 years ago | Read Time: 2 minutes | By iKnowledge Team

Top 5 Currencies Around The World - Aegon Life Blog

Picking the right stocks which will earn you money is an art. The same goes for currencies. With so many in a market that functions 24×7, making the right pick can be difficult. However, in all cases when the choice is not clear, it’s best advised to go with the strongest ones in the market.

Top 5 Strongest Currencies in the world are the following:

  1. 1. The United States Dollar (USD)
  2. 2. The Union’s Currency (Euro)
  3. 3. The Samurai (Yen)
  4. 4. God Save The Queen (Pound Sterling)
  5. 5. Aussie, Aussie, Aussie (Australian Dollar)

Take a minute to learn more about each of them and their exchange rates.

  • The Global Currency (US Dollar)

The official currency of the world’s largest economy, it was the reserve currency during the Bretton Woods system and is also one of the most widely transacted currencies across the world and the official one of many nations as well. No wonder that the US dollar ($) is the world’s most formidable one.

India: One dollar will fetch you around INR 65.06

  • The Union’s Currency (Euro)

If the European Union ever needed to showcase the beauty of their union, the Euro would be the main weapon in their arsenal. Created to ease cross-border trade and financial transactions for tourists traversing through Europe, 19 EU nations out of 28 embrace it as their common currency. The European Central Bank (ECB) helms the responsibility of the Euro.

India: One Euro will fetch you around INR 80.21

  • The Samurai (Yen)

Japan’s monetary unit, the Yen (¥) ever since the turn of the 20th century has become one of the world’s most traded currency. Unlike other nations, the Yen is under a managed float regime. The Bank of Japan holds the exclusive right to issue currency notes and coins.

India: One yen will fetch you around INR 0.61

  • God Save The Queen (Pound Sterling)

The Bank of England has the exclusive authority to issue Pound Sterling, the official currency of the United Kingdom. Currently, four denominations are in circulation: £5, £10, £20 and £50. It is one of the world’s top four most-traded currency and one of the most-held global reserve currency.

India: A pound will fetch you INR 91.51

  • Aussie, Aussie, Aussie (Australian Dollar)

In a world of economic turmoil, protectionist regimes, and unnecessary interventions, the Australian Dollar comes as a breath of fresh air. With a stable economy, no serious economic issues, and a liberal government approach, it does not come as a surprise that this currency is one of the world’s most traded ones.

India: An Australian dollar will fetch you INR 50.

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