Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
The most expensive currencies in the world: 10 currencies dominating the global market
In the developed global economy, an interesting question is: What is the world’s most expensive currency? The high value of a currency reflects the strength of its economy and confidence in the issuing country’s financial system. This article compiles a ranking of the world’s most valuable currencies, analyzing the factors behind their worth and their significance to the evolution of the global economic system.
Top Tier: Currencies Strengthened by Energy Resources
1. Kuwaiti Dinar - The Strongest Currency of Oil Exporting Countries
Exchange rate: 1 KWD = 3.26 USD, making it the most expensive currency. Kuwait introduced the dinar in 1965, replacing the Gulf rupee. Initially pegged to the British pound, it later adopted a currency basket standard.
Kuwait’s wealth stems from producing about 3 million barrels of oil daily, ranking 10th globally. Revenue from energy exports combined with prudent economic management results in GDP per capita exceeding $20,000 annually, with a persistent current account surplus, reinforcing KWD’s stability.
Key Data:
2. Bahraini Dinar - A Diversified Economy on a Small Gulf Island
Since 1965, Bahrain has used the dinar, initially pegged at 0.75 GBP, now fixed at 1 BHD = 2.65 USD since 2004.
Although Bahrain has oil, it is less than neighboring countries, prompting development in finance, tourism, and industry sectors. GDP per capita exceeds $20,000, with inflation at just 0.8%, indicating economic stability. Consequently, BHD ranks as the second most expensive currency.
Key Data:
3. Omani Rial - Wealth from Oil and Sustainable Development
Since 1973, the Omani rial has been pegged to the USD, initially at 2.895 USD, now fixed at 1 OMR = 2.60 USD.
Oman produces about 1 million barrels of oil daily, ranking 21st worldwide. Its energy exports, combined with investments in other sectors, support a 4.1% annual economic growth, low inflation, and a consistent current account surplus, making the OMR the third most valuable currency.
Key Data:
Middle Tier: Currencies from Central and Offshore Middle East
4. Jordanian Dinar - A Stable Currency in a Resource-Scarce Country
Jordan’s dinar is unique among its neighbors, introduced after the West Bank union, pegged at 1 JOD = 1.41 USD.
With no significant natural resources, Jordan’s economy grows at about 2.7% annually, with GDP per capita around $3,891. Political stability and a robust financial center sustain the dinar’s value, with foreign reserves totaling $13.533 billion.
Key Data:
5. British Pound Sterling - The Ancient Power of Global Finance
The pound has a long history dating back to the Anglo-Saxon era, reflecting the evolution of the world financial system. Originally linked to silver, it shifted to gold standard after Britain faced silver shortages.
The UK ranks as the 6th largest economy, contributing 3% of global GDP. London is a major financial hub, with the UK tech sector valued over $1 trillion, ranking third after the US and China. Confidence in the economy bolsters the pound, currently at 1 GBP = 1.33 USD.
Key Data:
6. Gibraltar Pound - Symbol of Financial Freedom in a Foreign Territory
The Gibraltar pound (GIP) is the official currency of Gibraltar, a British Overseas Territory since 1934, pegged 1:1 to GBP.
It exchanges at 1 GIP = 1.29 USD. While used locally, GBP is widely accepted. Its strength derives from a stable financial system, thriving online gaming, shipping, and financial services industries.
Key Data:
7. Swiss Franc - A Safe Haven in an Unstable World
The Swiss franc has a long history, originally linked to silver, evolving into a trusted medium of exchange amid Switzerland’s diverse local currencies.
Known as a “Safe Haven,” Switzerland maintains at least 40% gold reserves to support the currency. During crises, Switzerland often acts as a refuge for global assets. It is part of the USD basket, with an exchange rate of 1 CHF = 1.21 USD.
Key Data:
8. Cayman Islands Dollar - International Financial Hub with High Value
The Cayman Islands dollar (KYD) is the official currency of the Cayman Islands, a British Overseas Territory in the Caribbean, introduced in 1972, pegged at 1 KYD = 1.20 USD.
As a prominent offshore financial center, its strength comes from stable laws, low taxes, and reliance on tourism and financial services. The currency’s high value reflects its economic stature.
Key Data:
Top Tier of the World Economy: The Euro
9. Euro - The Currency of the European Economic Integration
Introduced in 1999, the euro is used by 20 of the EU’s 27 member states. It traded below the dollar for the first three years but reached a peak of 1 EUR = 1.6 USD in 2008.
As a major global currency, the euro is a significant IMF reserve asset, accounting for 29.31% of SDR holdings. It is the second most held international reserve currency after the USD, representing 19.58% of global reserves. Currently, 1 EUR = 1.13 USD.
Key Data:
Comparing the World’s Most Valuable Currencies
Conclusion: The Most Valuable Currencies Are Not Just About Exchange Rates
As shown, the world’s most expensive currencies include the Kuwaiti dinar, Bahraini dinar, Omani rial, and the euro. Their high valuation results from various factors—resource wealth, economic development, monetary policies, and political stability.
For investors or currency collectors, choosing a currency isn’t solely about its exchange rate. It’s crucial to consider the issuing country’s credibility, economic stability, exchange rate policies, long-term trends, and geopolitical context. Rapid global economic changes demand careful analysis when deciding which currencies to hold.