Currency is a unit of money which is used for a transaction between person to person, firm to firm, or countries to countries, so it can be defined as the unit that is used for exchanging goods and services around the globe. In ancient days, before the invention of money, people used the barter system for their transactions that afterward replaced by money units and people got many facilities from the invention of money units.
So presently all the countries have their own currencies having the different values and rates in the world. Some countries have highest valued while some countries have least valued currencies. So here are many questions regarding the money like what country has the strongest currency, what country has the highest currency value etc. Values of currencies are determined from their purchasing power, and the number of units purchased from their single unit is compared to the number of units purchased by other currencies.
What is the Highest Currency Value in the World and what country has the highest currency rate in the world 2015-2016?
At Present Kuwait Dinar is the Highest Currency Value in the World and Presently its value is highest than other currencies of the world.
1 Kuwait Dinar = 3.54800 USD. In 1961, Gulf Rupee was replaced by the Kuwait Dinar which is abbreviated as KWD.
1 Kuwait Dinar Note
Kuwait is the country with the strongest and most stable currency as compared to the other countries in the world. .Kuwait is covering the area of 17,820 square kilometers and its population according to 2013 estimates is 2,695,316. Kuwait is one of the richest countries in the world by GDP. It’s per capita GDP is estimated to $58,080. Kuwait has many natural resources, so it also stands among the largest oil producing countries in the world.