Having a strong currency can help the country’s economy quite a bit, however, having a highly valued currency does not mean the respective country’s economy is strong. That being said, whenever we hear the word currency, the first thing that comes to mind is US dollar or Great Bretain pound or euro. It is true that perhaps these are the most common currencies used in foreign trade, but these may not be the most strongest of the bunch. There are 196 countries in the world and most of them have their own unique currencies. Unless you are planning on travelling abroad or you are involved in international trading, the exchange rate of foreign currencies will not matter much to you, but knowing about the values of other currencies of the world will enhance your general knowledge. Usually the demand for a particular currency affects its exchange rate, however, sometimes the government artificially appreciates the rate of currency to get some benefits as well. In layman’s term, if your country’s currency is stronger than the country you import from, you are going to get more goods for less money paid. It is a rather interesting subject to read about.
If you are interested in learning more about this topic, then you have come to the right place. Just click on provided link to access the full article that lists The 10 Most Expensive Currency in the World.
