The Top 10 Currencies in the World (2022)

What is Currency? – According to Advanced English Dictionary, Currency is the metal or paper medium of exchange that is presently used. All nations of the world have their own peculiar currencies; their means of exchange peculiar to them. Currencies are part of the factors that enhances living as it is impossible to live without having to exchange or purchase that which living requires. In other words, a nation’s currency is part of its living. Moving forward, you get to read and know more about some of the top currencies in the world.

Ever since the global outbreak of the Coronavirus pandemic, the affected nations of the world and its economy have not been the same way they used to be. In other words, the Pandemic successfully affected major economies across the world. However, this has caused a slight depreciation in the value of the nation’s currencies. But come 2022, some nations have successfully been able to thrive and make their currencies remain or make it to the list of top 10 currencies in the world.

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The following are the top 10 currencies in the world in 2022:

1. KUWAITI DINAR: KWD

• Currency Symbol: د.ك

Kuwaiti Dinar was first launched in the year 1960 when the country gained independence from the British empire. The currency was equivalent to one pound at the time. Kuwait is a very small country that is geographically located between Iraq and Saudi Arabia. 1 KWD conversion rate is $3.27; which means one USD exchange equals 0.30 Kuwaiti Dinar. This currency is currently number 1 of the top currencies in the world.

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2. BAHRAINI DINAR: BHD

• Currency Symbol: د.ب

Bahrain’s population is approximately 1 million. BHD conversion rate is $2.659 per one Dinar. This means one dollar is equal to 0.37 BHD. Bahraini Dinar (BHD) is currently number 2 on the list of the top 10 currencies in the world.

3. OMANI RIAL: OMR

• Currency Symbol: ر.ع.

Omani Rial was introduced in 1970 as Saidi Rial named after the sultanate of Oman, The House of Al Said. OMR conversion rate for one Rial is equal to 2.60 USD and is number 3 on the list of the top 10 currencies in the world.

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4. JORDANIAN DINAR: JOD

• Currency Symbol: د.ا

Although been pegged to the US Dollar initially at a higher rate for about two decades, the country has managed to successfully maintain its peg. The Jordanian Dinar has been the currency of Jordan since 1950 and is now ranked number 4 on the list of the top currencies in the world currently. However, 1 JOD is equal to 1.41 USD.

5. BRITISH POUND: GBP 

• Currency Symbol: £

GBP is among the top trading currencies in the world. The GBP/USD pair is commonly known as “the cable,” in the FX market. It is the third most traded pair in the Forex market after EUR and JPY.

The Pound Sterling is not only the national currency of England, but also, that of Scotland, Wales, and Northern Ireland. GBP is however in use as a parallel currency in 3 British Crown Dependencies – Guernsey, Jersey, and the Isle of Man.

Therefore, the British Pound Sterling is number 5 on the list of the top 10 currencies in the world with a conversion rate of 1 GBP to 1.26 USD.

6. CAYMAN ISLANDS DOLLAR: KYD

• Currency Symbol: CI$

This is the only Caribbean currency that made the list of top 10 currencies in the world. And this is due to the fact that it is an autonomous British territory and is considered to be one of the world’s best tax havens for corporates and individuals.

KYD is number 6 on the list of the top 10 currencies in the world and the conversion rate is 1 KYD to 1.20 USD.

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7. EUROPEAN EURO: EUR

• Currency Symbol: ₤

Euro is the second reserve currency after the USD commanding a market share of 25% of all world savings. Approximately, 25 countries have pegged their currencies to Euro at a fixed rate and, it is currently the official currency for 19 European countries. And is now number 7 on the list of the top 10 currencies in the world 2022.

However, the conversion rate is 1 EUR to $1.07.

8. SWISS FRANC: CHF

• Currency Symbol: ₣

CHF is one of the most stable currencies in the world as inflation rarely affects it. The Swiss Franc is a Switzerland currency and, is number 8 on the list of the top 10 currencies in the world.

However, its conversion rate is 1 CHF to $1.04.

9. US DOLLAR: USD

• Currency Symbol: $

Since 1944 after the Breton woods agreement, US Dollar has been the “World Reserve Currency” and is currently the most traded currency in the Forex market.

USD is always in high demand as it is in use all over the world. Also, the USA with a GDP of more than 22 trillion is the economic engine of the world.

USD is therefore number 9 on the list of the top currencies in the world. The conversion rate to pounds is 1 USD = £0.80.

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10. BAHAMIAN DOLLAR: BSD

• Currency Symbol: B$

This has been the official currency of the Bahamas from the year 1966 and is pegged to USD at par. This is number 10 on the list of the top 10 currencies in the world and the last for this article. The conversion rate is however 1 BSD to $1.00.

Here is a summary of the Top 10 Currencies in the World 2022

• Kuwaiti Dinar: KWD
• Bahraini Dinar: BHD
• Omani Rial: OMR
• Jordanian Dinar: JOD
• British Pound: GBP
• Cayman Islands Dollar: KYD
• European Euro: EUR
• Swiss Franc: CHF
• US Dollar: USD
• Bahamian Dollar: BSD

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