While the U.S. dollar is the most-traded currency in the world by far, there are other currencies around the planet that are considered to be stronger. Do you know how much the U.S. dollar (USD) is worth in other countries? The answer might surprise you. MadisonTrust.com looked at exchange rate data for currencies worldwide compared to the dollar to see how they compare.
The country with the strongest currency as compared to the USD is the Kuwaiti dinar. The KWD had an exchange rate of 0.31 at the time of the graphic’s creation. The Kuwaiti dinar has a high value because the country is considered to be politically stable and has a large amount of revenue from oil.
The next country with the strongest currency is Bahrain. The Bahraini dinar has an exchange rate of 0.38 as compared to the U.S. dollar. Much like Kuwait, Bahrain earns a lot of its money from oil and gas exports. This helps make their currency and economy more stable than other countries.
The third strongest currency in the world is the Oman rial. It has an exchange rate of 0.39 compared to the U.S. dollar. Similar to Kuwait and Bahrain, Oman is one of the world’s biggest oil producers which helps the value of their currency stay high.
On the other end of the spectrum, the weakest currency compared to the U.S. dollar is the Iranian rial. The IRR’s conversion rate is 317,992 compared to the USD. Sanctions against Iran by the U.S. government have hurt the strength of the rial.
The second weakest currency compared to the U.S. dollar is the Lebanese pound. The LBP has an exchange rate of 85,500. The crumbling Lebanese economy has been a major factor in why the pound has been becoming weaker.
How does your home country’s currency compare?