Top 10 Highest Currencies in the World - Exchange Value in INR (2024)

FAQs

Which is the highest currency in the world with exchange rates in INR? ›

Kuwaiti Dinar holds the reputation of being the strongest currency in the world. Abbreviated to KWD, Kuwaiti Dinar is commonly used in oil based transactions in Middle East. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 266.82 INR.

While maintaining its global role, the dollar's decline reflects inflation and geopolitical uncertainties. NDTV mentions: “According to Wednesday's exchange rate published on International Monetary Fund's (IMF) website, India ranks 15 with value listed as 82.9 per US Dollar.”

The Omani Rial, which is tied to the US dollar, is the third most valuable currency in the world.

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.

1 EUR = 88.936056 INR Apr 23, 2024 09:00 UTC.

What Is the Weakest Currency in the World? The weakest currency in the world is the Iranian rial (IRR). The USD to IRR operational rate of exchange is 371,992, meaning that one U.S. dollar equals 371,922 Iranian rials.

Which country has the lowest value of 1 rupee? ›

The world's lowest currency is the Iranian Rial, which is valued at approximately 0.0019 INR. This means that 1 INR is equivalent to 509.61 IRR. The Iranian Rial has been facing severe inflation, and its value has been declining rapidly over the years.

The Indian Rupee is valued less compared to the US Dollar. The value of one Dollar to one Indian Rupee fluctuates, referred to as the exchange rate. In the global foreign exchange market, the exchange rate changes every day, and it is an essential indicator of a country's economic strength.

Laos. Laos is a landlocked country in Southeast Asia that has the least valuable currency in the world, with 1 INR = 248.35 LAK.

Why Is the KWD So Valuable? The KWD is so valuable because the demand for the currency is very high. The economy of Kuwait is primarily dependent on oil, but not only that, it is a stable country that uses its oil revenue efficiently, unlike many oil-rich countries. In addition, it is a large exporter of oil.

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.

Why is the Dollar More Powerful than the Indian Rupee? The US dollar overpowers the rupee for a simple reason. Most of India's foreign trade and debt is denominated in US dollars. As a result, every increase in the dollar index automatically transmits in an equal proportion to the INR/USD exchange rate.