Highest_valued_currency_unit

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Highest valued currency unit

The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good. Most commonly the calculation is made against a major reserve currency such as the euro (EUR), the pound sterling (GBP) or the United States dollar (USD).

A high-valued currency is distinct from a hard currency, which is a currency with a good buying power and which is widely accepted as a reliable store of value. For example, a Kuwaiti dinar is not of very much use outside Kuwait, and is bound to the economy of that country. It is in fact pegged to a basket of hard currencies. In contrast, the Japanese yen is considered a hard currency even though the nominal rate of the dinar is more than 400 times that of the yen.

List of highest valued currency units

As of October 9, 2008, the 15 highest valued currencies are:

No.	State	Currency	Code	United States dollars USD⁻¹	Euro EUR⁻¹	Kuwaiti dinars KWD⁻¹	Highest valued coin	Highest valued banknote
1.		dinar	KWD	3.72953 0.26813	2.72918 0.36641	1	.100	20
2.		dinar	BHD	2.65248 0.37701	1.94101 0.51519	0.71121 1.40606	.500	20
3.		rial	OMR	2.59754 0.38498	1.90812 0.52609	0.69648 1.43580	.500	50
4.		lats	LVL	1.94817 0.51330	1.42562 0.70145	0.52236 1.91438	2	500
5.		pound	GBP	1.73247 0.57721	1.26777 0.78878	0.46453 2.15273	5 (commem.) 2 (common)	50 (Eng & Wal) 100 (Sco & NI)
		pound	FKP				2	50
		pound	GIP				2	50
		pound	SHP				2	20
	IMF	Special Drawing Rights	XDR	1.56924 0.63725	1.06738 0.93687	0.42042 2.37855
6.		dinar	JOD	1.41263 0.70790	1.03373 0.96737	0.37877 2.64013	1	50
7.	(Eurozone)	euro	EUR	1.36654 0.73177	1	0.36641 2.72918	2	500
8.		manat	AZN	1.23548 0.80940	0.90409 1.10608	0.33127 3.01868	.50	100
9.		dollar	KYD	1.18500 0.84388	0.86715 1.15320	0.31773 3.14729	.25	100
10.		convertible peso	CUC	1.08003 0.92590	0.79034 1.26528	0.28959 3.45318	5 (rare) 1 (common)	100
11.		dollar	USD	1	0.73178 1.36654	0.26813 3.72953	1 (uncommon) .25 (common)	100
		dollar	BSD	1			1 (rare) .25 (common)	100
		dollar	BMD				1	100
		balboa	PAB				.50	-
12.		dollar	CAD	0.88900 1.12486	0.65055 1.53717	0.23837 4.19520	2	100
13.		franc	CHF	0.88392 1.13133	0.64683 1.54601	0.23700 4.21933	5	1000
14.		cedi	GHS	0.85770 1.16591	0.62764 1.59327	0.22997 4.3483	1	50
15.		dinar	LYD	0.79321 1.26070	0.58045 1.72280	0.21268 4.70182	.500	50