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).[ citation needed]
A high-valued currency is distinct from a hard currency, which is a currency widely accepted as a reliable store of value.[ citation needed]
As of July 1, 2015, the highest-valued currency units are: [1]
No. | State/Organization | Currency | Code | United States dollars | USD−1 | Euro | EUR−1 | Kuwaiti dinars | KWD−1 | Highest valued coin |
Highest valued banknote |
---|---|---|---|---|---|---|---|---|---|---|---|
1. | Kuwait | dinar | KWD | 3.30459 | 0.30261 | 2.98951 | 0.33450 | 1 | 1 | .100 (33c) | 20 ($66.09) |
2. | Bahrain | dinar | BHD | 2.65245 | 0.37701 | 2.39964 | 0.41673 | 0.80266 | 1.24586 | .5 ($1.33) | 20 ($53.05) |
3. | Oman | rial | OMR | 2.59774 | 0.38495 [nb 1] | 2.35020 | 0.42550 | 0.78610 | 1.27210 | .05 (13c) | 50 ($129.89) |
4. | United Kingdom | pound [nb 2] | GBP | 1.56165 | 0.64035 | 1.41296 | 0.70773 | 0.47255 | 2.11617 | 2 (common) ($3.12) | 100 (
Sco &
NI) ($156.17) 50 ( Eng & Wal) ($78.08) |
Falkland Islands | pound [nb 1] | FKP | 2 | 50 | |||||||
Gibraltar | pound [nb 1] | GIP | 2 | 50 | |||||||
Saint Helena, Ascension and Tristan da Cunha | pound [nb 1] | SHP | 2 | 20 | |||||||
5. | Jordan | dinar | JOD | 1.41093 | 0.70875 [nb 1] | 1.27654 | 0.78338 | 0.42696 | 2.34213 | 1 ($1.41) | 50 ($70.55) |
6. | Cayman Islands | dollar | KYD | 1.21951 | 0.82000 [nb 1] | 1.10328 | 0.90642 | 0.36904 | 2.70977 | .25 (30c) | 100 ($121.95) |
7. | European Union ( Eurozone) | euro | EUR | 1.10529 | 0.90474 | 1 | 1 | 0.33447 | 2.98985 | 2 ($2.21) | 500 ($552.65) |
8. | Switzerland | franc | CHF | 1.05490 | 0.94795 | 0.95434 | 1.04784 | 0.31920 | 3.13281 | 5 ($5.27) | 1000 ($1,054.90) |
9. | United States | dollar | USD | 1 | 1 | 0.90474 | 1.10529 | 0.30261 | 3.30459 |
1 (rare) .25 (more common) |
100 |
Bahamas | dollar | BSD | 1 [nb 1] | 1 (rare) .25 (common) |
100 | ||||||
Bermuda | dollar | BMD | 1 | 100 | |||||||
Panama | balboa | PAB | 1 | - | |||||||
Cuba | Convertible peso | CPU | 1 | 100 | |||||||
10. | Azerbaijan | manat | AZN | 0.95242 | 1.04996 | 0.86170 | 1.16049 | 0.28821 | 3.46969 | .50 (47c) | 100 ($95.24) |
11. | Canada | dollar | CAD | 0.79461 | 1.25848 | 0.71878 | 1.39124 | 0.24010 | 4.16486 | 2 ($1.58) | 100 ($79.46) |
12. | Australia | dollar | AUD | 0.76501 | 1.30716 | 0.69201 | 1.44508 | 0.23158 | 4.31810 | 2($1.53) | 100 ($76.50) |
Tuvalu | dollar | TVD | 1 (77c) | ||||||||
13. | Brunei | dollar | BND | 0.73904 | 1.35311 | 0.66853 | 1.49583 | 0.22384 | 4.46750 | 0.5 (37c) | 100 ($73.90) (common) 10,000 ($7,390.40) (rare) |
Singapore | dollar | SGD | 1 (74c) | 100 ($73.90) (common) 1,000 ($739.04) (rare) | |||||||
14. | Libya | dinar | LYD | 0.72993 | 1.37000 | 0.66086 | 1.51318 | 0.22113 | 4.52220 | 0.5 (36c) | 50 ($36.50) |
15. | New Zealand | dollar | NZD | 0.67323 | 1.48538 | 0.60897 | 1.64213 | 0.20373 | 4.90850 | 2 ($1.34) | 100 ($67.32) |
16. | Bosnia and Herzegovina | convertible mark | BAM | 0.56533 | 1.76888 | 0.51129 | 1.95583 [nb 1] | 0.17119 | 5.84144 | 5 ($2.83) | 200 ($113.07) |
Bulgaria | lev | BGN | 1 (56c) | 100 ($56.52) | |||||||
17. | Aruba | florin | AWG | 0.55866 | 1.79000 [nb 1] | 0.50533 | 1.97890 | 0.16911 | 5.91347 | 5 ($2.79) | 500 ($279.33) |
Curaçao Sint Maarten |
guilder | ANG | 250 ($139.67) | ||||||||
18. | Tunisia | dinar | TND | 0.50838 | 1.96702 | 0.45995 | 2.17417 | 0.15376 | 6.50391 | 5 ($2.54) | 50 ($25.42) |
19. | Barbados | dollar | BBD | 0.50000 | 2.00000 [nb 1] | 0.45237 | 2.21058 | 0.15130 | 6.60918 | 5 ($2.50) | 200 ($100.07) |
Belize | dollar | BZD | 1 (50c) | 100 ($50.00) | |||||||
20. | Tonga | paʻanga | TOP | 0.48245 | 2.07275 | 0.43661 | 2.29038 | 0.14602 | 6.84825 | 0.5 (24c) | 100 ($48.25) |
21 - Fijian dollar, 22 - Georgian lari
The least-valued currency unit is the
currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major
reserve currency such as the
United States dollar (USD) or the
euro (EUR). Sub-units are not considered when looking for the least valued currency: for example, while a British
pound sterling might be considered, a British
penny would not be.
As of 20 April 2013, these are the 41 lowest valued currencies. [1] [2]
In addition:
No. | State | Currency | Abbr | 1 US$ = (as of 26 September 2013) |
1 Euro = (as of 26 September 2013) |
Highest valued coin (if any) |
Highest valued banknote | Notes |
---|---|---|---|---|---|---|---|---|
1. | Iran + | rial | IRR | 24,815.6 | 33,452.9 | 5,000 (20¢) | 100,000 (legal tender; $4.03) 1,000,000 ( "Iran cheque"; $40.34) |
NB: Free market rates are higher (38,450 /$) as of May 2013 [3] (reliable up-to-date figures are not always available) |
2. | Vietnam | đồng | VND | 21,094.1 | 28,436.3 | 5,000 (24¢) | 500,000 ($23.70) | |
3. | São Tomé and Príncipe | dobra | STD | 18,174.9 | 24,501.6 | 2,000 (11¢) | 100,000 ($5.50) | Pegged rate: 1 € = 24,500 STD [4] |
4. | Indonesia + | rupiah | IDR | 11,258.7 | 15,177.9 | 1,000 (9¢) | 100,000 ($8.88) | |
5. | Belarus + | ruble | BYR | 9,072.48 | 12,230.6 | None in use | 200,000 ($22.04) | |
6. | North Korea | won | KPW | 8,020 [5] | 10,810 | None in common use | 5,000 ($0.62) | Official rate: 1 USD = 127.53 KPW |
7. | Laos | kip | LAK | 7,852.49 | 10,586.3 | None in use | 100,000 ($12.73) | |
8. | Guinea | franc | GNF | 6,790 | 9,153.78 | None in use | 10,000 ($1.47) | |
9. | Paraguay + | guaraní | PYG | 4,424.82 | 5,965.18 | 1,000 (23¢) | 100,000 ($22.60) | |
10. | Cambodia | riel | KHR | 4,064.77 | 5,479.87 | None in common use | 100,000 ($24.60) | |
11. | Uganda | shilling | UGX | 2,572.93 | 4,121.90 | 500 (19¢) | 50,000 ($19.43) | |
12. | Madagascar | ariary | MGA | 2,219.97 | 2,992.67 | 50 (2¢) | 10,000 ($4.50) | |
13. | Uzbekistan | som | UZS | 2,146.70 | 2,893.89 | 100 (5¢) | 5,000 ($2.33) | NB: Black market rates ("bazaar rates") are higher, as of early 2013 by about 35-40%, but reliable figures are not always available. [6] |
14. | Colombia + | peso | COP | 1,902.74 | 2,565.14 | 500 (26¢) | 50,000 ($26.27) | |
15. | Mongolia | tögrög | MNT | 1,630.19 | 2,197.64 | 500 (31¢) | 20,000 ($12.27) | |
16. | Tanzania | shilling | TZS | 1,607.47 | 2,167.17 | 200 (12¢) | 10,000 ($6.22) | |
17. | Burundi | franc | BIF | 1,539.97 | 2,076.32 | None in use | 10,000 ($6.49) | |
18. | Lebanon | pound | LBP | 1,511.49 | 2,038.09 | 500 (33¢) | 100,000 ($66.16) | |
19. | Somalia | shilling | SOS | 1,264.17 | 1,704.61 | None in use | 1,000 (79¢) | |
20. | Iraq + | dinar | IQD | 1,164.49 | 1,570.22 | 100 (9¢) | 25,000 ($21.47) | Pegged to USD |
21. | South Korea | won ‡ | KRW | 1,075.88 | 1,450.73 | 500 (46¢) | 50,000 ($46.47) | |
22. | Myanmar | kyat | MMK | 974.99 | 1,314.64 | 100 (10¢) | 10,000 ($10.26) | |
23. | Democratic Republic of the Congo | franc | CDF | 918.34 | 1,238.25 | None in use | 10,000 ($10.89) | |
24. | Rwanda | franc | RWF | 670.40 | 903.90 | 100 (15¢) | 5,000 ($7.46) | |
25. | Costa Rica | colón | CRC | 503.95 | 679.47 | 500 (94¢) | 50,000 ($93.64) | |
26. | Chile | peso | CLP | 501.70 | 676.45 | 500 ($1.00) | 20,000 ($39.86) | |
27. | West Africa | CFA franc | XOF | 486.51 | 655.96 | 500 ($1.03) | 10,000 ($20.55) | Pegged rate: 1 € = 655.957 XAF |
28. | Central Africa | CFA franc | XAF | 486.50 | 655.96 | 500 ($1.03) | 10,000 ($20.55) | Pegged rate: 1 € = 655.957 XAF |
29. | Armenia | dram | AMD | 405.86 | 547.00 | 500 ($1.23) | 100,000 ($246.39) | |
30. | Malawi | kwacha | MWK | 365.73 | 493.07 | 10 (3¢) | 1,000 ($2.73) | |
31. | Comoros | franc | KMF | 364.91 | 491.97 | 100 (27¢) | 10,000 ($27.40) | Pegged rate: 1 € = 491.968 KMF |
31. | Mauritania | ouguiya | MRO | 284.50 | 383.57 | 50 (18¢) | 5,000 ($17.57) | |
32. | Hungary | forint | HUF | 222.22 | 299.60 | 200 (90¢) | 20,000 ($90.00) | |
33. | Yemen | rial | YER | 214.75 | 289.49 | 20 (9¢) | 1,000 ($4.66) | |
34. | Guyana | dollar | GYD | 202.90 | 273.54 | 10 (5¢) | 1,000 ($4.92) | |
35. | Djibouti | franc | DJF | 178.41 | 240.50 | 500 ($2.80) | 10,000 ($56.05) | Pegged rate: 1 USD = 177.721 DJF [7] |
36. | Kazakhstan | tenge | KZT | 153.65 | 207.11 | 100 (65¢) | 10,000 ($65.08) | |
37. | Sri Lanka | rupee | LKR | 132.00 | 177.99 | 10 (8¢) | 5,000 ($37.88) | |
38. | Iceland | krona | ISK | 121.35 | 163.58 | 100 (82¢) | 10,000 ($82.40) | The krona is currently not traded freely, with the last ECB reference rate having been set on 3 December 2008 [8] |
39. | Albania | lek | ALL | 104.89 | 141.40 | 100 (95¢) | 5,000 ($47.67) |
Data for all currencies taken from xe.com unless noted otherwise.
Many currencies are not permitted to float on the foreign exchange market, to prevent capital flight or for political reasons. As a result, the parallel market ( black market) price of a currency may deviate substantially from its official value.
Start Date | Finish Date | Country | Currency Unit | Units per US Dollar | Notes |
---|---|---|---|---|---|
– | 21 May 1911 | Portugal | Portuguese real | 900 | new currency: 22 May 1911: 1,000 réis ⇒ 1 escudo |
22 May 1911 | Mid-1920 | Brazil | Brazilian real | 900 – 5,000 | |
Mid-1920 | 31 Dec 1921 | Russia | Soviet first ruble | 5,000 – 60,000 | new currency 1 Jan 1922: 10,000 first Soviet rubles ⇒ 1 second Soviet ruble |
1 Jan 1922 | September 1922 | Austria | Austrian krone | 4,500 – 12,500 | German papiermark inflates |
September 1922 | 31 Dec 1923 | Germany | Mark | 12,500 – 4,000,000,000,000 | new currency 1 Jan 1924: 1,000,000,000,000 Papiermark ⇒ 1 Rentenmark |
1 Jan 1924 | 13 Apr 1924 | Poland | Polish marka | 5,000,000 – 9,324,000 | new currency 14 Apr 1924 1,800,000 marek ⇒ 1 Polish zloty |
14 Apr 1924 | 19 Dec 1924 | Austria | Austrian krone | 26,000 – 45,000 | new currency 20 Dec 1924: 10,000 Austrian kronen ⇒ 1 schilling |
20 Dec 1924 | 31 Dec 1926 | Hungary | Hungarian korona | 7,000 – 63,000 | new currency 1 Jan 1927: 12,500 Hungarian korona ⇒ 1 pengő |
1 Nov 1942 | 9 Nov 1944 | Greece | Greek drachma | 3,500 – 7,500,000,000,000 | new currency : 50,000,000,000 old drachmai ⇒ 1 new drachma |
10 Nov 1944 | August 1945 | Romania | leu | 3,500 – 25,000 | Hungarian pengő hyperinflates |
August 1945 | August 1946 | Hungary | pengő | changed daily | new currency 18 Aug 1946: 400,000,000,000,000,000,000,000,000,000 pengő ⇒ 1 forint |
19 Aug 1946 | 14 Aug 1947 | Romania | leu | 100,000 – 5,050,000 | new currency 15 Aug 1947: 20,000 leu ⇒ 1 new Romanian leu |
15 Aug 1947 | 30 Nov 1948 | Republic of China | Fabi | 250,000 – 105,000,000 | new currency 1 Dec 1948: 3,000,000 fabi ⇒ 1 gold yuan |
1 Dec 1948 | 30 Apr 1954 | Greece | drachma | 20,000 – 30,000 | new currency 1 May 1954: 1,000 drachmai ⇒ 1 new drachma |
1 May 1954 | 28 Feb 1955 | People's Republic of China | yuan | 24,600 | new currency 1 March 1955: 10,000 First Series Renminbi yuan ⇒ 1 Second Series Renminbi yuan |
1 Mar 1955 | 5 Jan 1958 | Italy | Italian lira | 625 | |
6 Jan 1958 | 31 Dec 1959 | Chile | Chilean peso | 650 – 1,051 | new currency 1 January 1960 : 1,000 pesos ⇒ 1 Chilean escudo |
1 Jan 1960 | 31 Dec 1962 | Bolivia | Bolivian boliviano | 750 – 11,875 | new currency 1 January 1963: 1,000 bolivianos ⇒ 1 Bolivian peso |
1 Jan 1963 | 12 Dec 1965 | Indonesia | Indonesian rupiah | 1,205 – 4,995 | new currency 13 December 1965: 1,000 old rupiah ⇒ 1 new rupiah |
13 Dec 1965 | 12 Feb 1967 | Brazil | Brazilian cruzeiro (BRZ) | 1,950 – 2,710 | new currency 13 February 1967: 1,000 cruzeiros ⇒ 1 Cruzeiro novo |
13 Feb 1967 | Mid-June 1974 | Italy | Italian lira | 620–640 | |
Mid-June 1974 | 28 Sep 1975 | Chile | Chilean escudo | 640 – 6,000 | new currency 29 Sep 1975 : 1000 escudo ⇒ 1 Chilean peso |
29 Sep 1975 | November 1978 | Italy | Italian lira | 680–850 | |
November 1978 | 31 May 1983 | Argentina | Argentine peso ley | 850 – 81,105 | new currency 1 June 1983 : 10,000 pesos ley ⇒ 1 peso argentino |
1 June 1983 | 21 Nov 1984 | Peru | Peruvian sol | 1,494 – 4,969 | new currency 1 February 1985 : 1,000 soles ⇒ 1 Peruvian inti |
22 Nov 1984 | 4 January 1987 | Bolivia | Bolivian peso | 8,786 – 2,000,000 | new currency 5 January 1987 : 1,000,000 pesos ⇒ 1 boliviano |
5 January 1987 | 31 January 1988 | Nicaragua | Nicaraguan córdoba | 6,000 – 50,000 | new currency 1 February 1988 : 10,000 old córdobas ⇒ 1 new córdoba |
1 February 1988 | June 1988 | Vietnam | Vietnamese đồng (VND) | 1,700 – 4,500 | Dong devalued from 900 to 3000 [9] |
June 1988 | 31 December 1989 | Yugoslavia | Yugoslav dinar (YUD) | 4,500 – 40,000 | new currency 1 January 1990 : 10,000 hard dinar ⇒ 1 convertible dinar |
1 January 1990 | 30 April 1991 | Nicaragua | Nicaraguan córdoba | 40,000 – 25,000,000 (official) 350,000 – 30,000,000 (parallel) |
new currency 1 May 1991 : 5,000,000 1988 cordóbas = ⇒ hard córdoba |
1 May 1991 | 30 June 1991 | Peru | Peruvian inti (PEI) | 705,000 – 835,000 | new currency 1 July 1991 : 1,000,000 intis ⇒ 1 nuevo sol (inti valid until 31 December 1991) |
1 July 1991 | October 1993 | Zaire | Zairean Zaire (ZRN) | 61,900 – 7,915,000 | new currency October 1993 : 3,000,000 Old Zaire ⇒ 1 New Zaire |
October 1993 | 10 Jan 1994 | Angola | Angolan novo kwanza (AON) | 34,200 | – |
11 Jan 1994 | 23 Jan 1994 | Yugoslavia | Yugoslav "1994 dinar" | 46,000 – 6,850,000 | Changed daily due to hyperinflation new currency 24 Jan 1994: 10~13 million "1994 dinara" ⇒ 1 novi dinar (YUM) (pegged to 1 German mark) |
24 Jan 1994 | 30 June 1995 | Angola | Angolan novo kwanza (AON) | 34,200 – 2,100,000 | new currency 1 July 1995: 1,000 novos kwanzas (AON) ⇒ 1 new kwanza reajustado (AOR) |
1 Jul 1995 | 1 Sep 1996 | Ukraine | Ukrainian karbovanets (UAK) | 147,300 – 176,000 | new currency 2 Sep 1996: 100,000 karbovanets (UAK) ⇒ 1 hryvnia (UAH) |
2 Sep 1996 | 30 Nov 1999 | Angola | Angolan kwanza reajustado (AOR) | 150,000 – 5,400,000 | new currency 1 Dec 1999: 1,000,000 kwanzas reajustados (AOR) ⇒ 1 new Angolan kwanza (AOA) |
1 Dec 1999 | 31 Dec 2004 | Turkey | Turkish lira (TRL) | 518,000 – 1,339,000 | new currency 1 Jan 2005: 1,000,000 old Turkish lira (TRL) ⇒ 1 new Turkish lira (TRY) (old lira valid to end of 2005) |
1 Jan 2005 | 30 June 2005 | Romania | Romanian leu (ROL) | 29,110 – 29,850 | new currency 1 July 2005: 10,000 old Romanian lei (ROL) ⇒ 1 new Romanian leu (RON) (old leu valid to 30 June 2006) |
1 July 2005 | 24 Aug 2005 | Mozambique | Mozambican metical (MZM) | 24,400 | new currency 1 July 2006: 1,000 old Mozambique meticais (MZM) ⇒ 1 new Mozambique metical (MZN) (old metical valid to end of 2006) |
24 Aug 2005 | 31 Jul 2006 | Zimbabwe | Zimbabwean dollar (ZWD) | 25,000–101,000 (official) 45,000–550,000 (parallel) |
Changed daily due to
hyperinflation Redenominated currency 1 Aug 2006: 1,000 first Zimbabwean dollars ⇒ 1 second Zimbabwean dollar |
1 Aug 2006 | ca. 21 Mar 2007 | Vietnam | Vietnamese đồng (VND) | 16,000 – 16,736 | – |
ca. 21 Mar 2007 | ca. 6 Apr 2007 | Zimbabwe | Second Zimbabwean dollar (ZWN) | 250 (official) 16,000 – 30,000 (parallel) |
Changed daily due to hyperinflation |
ca. 6 Apr 2007 | 8 Apr 2007 | Vietnam | Vietnamese đồng (VND) | 16,022 | Zimbabwean dollar briefly rose in value |
ca. 8 Apr 2007 | 31 Jul 2008 | Zimbabwe | Second Zimbabwean dollar (ZWN) | 250 – 69,484,070,056 (official) 20,000 – 751,089,467,956 (parallel) |
Changed daily due to hyperinflation. Redenominated currency 1 Aug 2008: 10,000,000,000 second Zimbabwean dollars ⇒ 1 third Zimbabwean dollar |
1 Aug 2008 | 21 Sep 2008 | Somalia | Somali shilling (SOS) | 35,000 | |
22 Sep 2008 | 2 Feb 2009 | Zimbabwe | Third Zimbabwean dollar (ZWR) | 96 – 12,336,416,667 (official) 80,000 – 300,000,000,000,000 (parallel/cash) |
Changed daily due to hyperinflation. Redenominated currency 2 Feb 2009: 1,000,000,000,000 third Zimbabwe dollars ⇒ 1 fourth Zimbabwe dollar |
3 Feb 2009 | 21 Sep 2012 | Somalia | Somali shilling (SOS) | 22,000 – 33,000 | |
22 Sep 2012 | current | Iran | Iranian rial (IRR) | 22,000 – 42,000 | Somali shilling rises in value and IRR devalues rapidly |
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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).[ citation needed]
A high-valued currency is distinct from a hard currency, which is a currency widely accepted as a reliable store of value.[ citation needed]
As of July 1, 2015, the highest-valued currency units are: [1]
No. | State/Organization | Currency | Code | United States dollars | USD−1 | Euro | EUR−1 | Kuwaiti dinars | KWD−1 | Highest valued coin |
Highest valued banknote |
---|---|---|---|---|---|---|---|---|---|---|---|
1. | Kuwait | dinar | KWD | 3.30459 | 0.30261 | 2.98951 | 0.33450 | 1 | 1 | .100 (33c) | 20 ($66.09) |
2. | Bahrain | dinar | BHD | 2.65245 | 0.37701 | 2.39964 | 0.41673 | 0.80266 | 1.24586 | .5 ($1.33) | 20 ($53.05) |
3. | Oman | rial | OMR | 2.59774 | 0.38495 [nb 1] | 2.35020 | 0.42550 | 0.78610 | 1.27210 | .05 (13c) | 50 ($129.89) |
4. | United Kingdom | pound [nb 2] | GBP | 1.56165 | 0.64035 | 1.41296 | 0.70773 | 0.47255 | 2.11617 | 2 (common) ($3.12) | 100 (
Sco &
NI) ($156.17) 50 ( Eng & Wal) ($78.08) |
Falkland Islands | pound [nb 1] | FKP | 2 | 50 | |||||||
Gibraltar | pound [nb 1] | GIP | 2 | 50 | |||||||
Saint Helena, Ascension and Tristan da Cunha | pound [nb 1] | SHP | 2 | 20 | |||||||
5. | Jordan | dinar | JOD | 1.41093 | 0.70875 [nb 1] | 1.27654 | 0.78338 | 0.42696 | 2.34213 | 1 ($1.41) | 50 ($70.55) |
6. | Cayman Islands | dollar | KYD | 1.21951 | 0.82000 [nb 1] | 1.10328 | 0.90642 | 0.36904 | 2.70977 | .25 (30c) | 100 ($121.95) |
7. | European Union ( Eurozone) | euro | EUR | 1.10529 | 0.90474 | 1 | 1 | 0.33447 | 2.98985 | 2 ($2.21) | 500 ($552.65) |
8. | Switzerland | franc | CHF | 1.05490 | 0.94795 | 0.95434 | 1.04784 | 0.31920 | 3.13281 | 5 ($5.27) | 1000 ($1,054.90) |
9. | United States | dollar | USD | 1 | 1 | 0.90474 | 1.10529 | 0.30261 | 3.30459 |
1 (rare) .25 (more common) |
100 |
Bahamas | dollar | BSD | 1 [nb 1] | 1 (rare) .25 (common) |
100 | ||||||
Bermuda | dollar | BMD | 1 | 100 | |||||||
Panama | balboa | PAB | 1 | - | |||||||
Cuba | Convertible peso | CPU | 1 | 100 | |||||||
10. | Azerbaijan | manat | AZN | 0.95242 | 1.04996 | 0.86170 | 1.16049 | 0.28821 | 3.46969 | .50 (47c) | 100 ($95.24) |
11. | Canada | dollar | CAD | 0.79461 | 1.25848 | 0.71878 | 1.39124 | 0.24010 | 4.16486 | 2 ($1.58) | 100 ($79.46) |
12. | Australia | dollar | AUD | 0.76501 | 1.30716 | 0.69201 | 1.44508 | 0.23158 | 4.31810 | 2($1.53) | 100 ($76.50) |
Tuvalu | dollar | TVD | 1 (77c) | ||||||||
13. | Brunei | dollar | BND | 0.73904 | 1.35311 | 0.66853 | 1.49583 | 0.22384 | 4.46750 | 0.5 (37c) | 100 ($73.90) (common) 10,000 ($7,390.40) (rare) |
Singapore | dollar | SGD | 1 (74c) | 100 ($73.90) (common) 1,000 ($739.04) (rare) | |||||||
14. | Libya | dinar | LYD | 0.72993 | 1.37000 | 0.66086 | 1.51318 | 0.22113 | 4.52220 | 0.5 (36c) | 50 ($36.50) |
15. | New Zealand | dollar | NZD | 0.67323 | 1.48538 | 0.60897 | 1.64213 | 0.20373 | 4.90850 | 2 ($1.34) | 100 ($67.32) |
16. | Bosnia and Herzegovina | convertible mark | BAM | 0.56533 | 1.76888 | 0.51129 | 1.95583 [nb 1] | 0.17119 | 5.84144 | 5 ($2.83) | 200 ($113.07) |
Bulgaria | lev | BGN | 1 (56c) | 100 ($56.52) | |||||||
17. | Aruba | florin | AWG | 0.55866 | 1.79000 [nb 1] | 0.50533 | 1.97890 | 0.16911 | 5.91347 | 5 ($2.79) | 500 ($279.33) |
Curaçao Sint Maarten |
guilder | ANG | 250 ($139.67) | ||||||||
18. | Tunisia | dinar | TND | 0.50838 | 1.96702 | 0.45995 | 2.17417 | 0.15376 | 6.50391 | 5 ($2.54) | 50 ($25.42) |
19. | Barbados | dollar | BBD | 0.50000 | 2.00000 [nb 1] | 0.45237 | 2.21058 | 0.15130 | 6.60918 | 5 ($2.50) | 200 ($100.07) |
Belize | dollar | BZD | 1 (50c) | 100 ($50.00) | |||||||
20. | Tonga | paʻanga | TOP | 0.48245 | 2.07275 | 0.43661 | 2.29038 | 0.14602 | 6.84825 | 0.5 (24c) | 100 ($48.25) |
21 - Fijian dollar, 22 - Georgian lari
The least-valued currency unit is the
currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major
reserve currency such as the
United States dollar (USD) or the
euro (EUR). Sub-units are not considered when looking for the least valued currency: for example, while a British
pound sterling might be considered, a British
penny would not be.
As of 20 April 2013, these are the 41 lowest valued currencies. [1] [2]
In addition:
No. | State | Currency | Abbr | 1 US$ = (as of 26 September 2013) |
1 Euro = (as of 26 September 2013) |
Highest valued coin (if any) |
Highest valued banknote | Notes |
---|---|---|---|---|---|---|---|---|
1. | Iran + | rial | IRR | 24,815.6 | 33,452.9 | 5,000 (20¢) | 100,000 (legal tender; $4.03) 1,000,000 ( "Iran cheque"; $40.34) |
NB: Free market rates are higher (38,450 /$) as of May 2013 [3] (reliable up-to-date figures are not always available) |
2. | Vietnam | đồng | VND | 21,094.1 | 28,436.3 | 5,000 (24¢) | 500,000 ($23.70) | |
3. | São Tomé and Príncipe | dobra | STD | 18,174.9 | 24,501.6 | 2,000 (11¢) | 100,000 ($5.50) | Pegged rate: 1 € = 24,500 STD [4] |
4. | Indonesia + | rupiah | IDR | 11,258.7 | 15,177.9 | 1,000 (9¢) | 100,000 ($8.88) | |
5. | Belarus + | ruble | BYR | 9,072.48 | 12,230.6 | None in use | 200,000 ($22.04) | |
6. | North Korea | won | KPW | 8,020 [5] | 10,810 | None in common use | 5,000 ($0.62) | Official rate: 1 USD = 127.53 KPW |
7. | Laos | kip | LAK | 7,852.49 | 10,586.3 | None in use | 100,000 ($12.73) | |
8. | Guinea | franc | GNF | 6,790 | 9,153.78 | None in use | 10,000 ($1.47) | |
9. | Paraguay + | guaraní | PYG | 4,424.82 | 5,965.18 | 1,000 (23¢) | 100,000 ($22.60) | |
10. | Cambodia | riel | KHR | 4,064.77 | 5,479.87 | None in common use | 100,000 ($24.60) | |
11. | Uganda | shilling | UGX | 2,572.93 | 4,121.90 | 500 (19¢) | 50,000 ($19.43) | |
12. | Madagascar | ariary | MGA | 2,219.97 | 2,992.67 | 50 (2¢) | 10,000 ($4.50) | |
13. | Uzbekistan | som | UZS | 2,146.70 | 2,893.89 | 100 (5¢) | 5,000 ($2.33) | NB: Black market rates ("bazaar rates") are higher, as of early 2013 by about 35-40%, but reliable figures are not always available. [6] |
14. | Colombia + | peso | COP | 1,902.74 | 2,565.14 | 500 (26¢) | 50,000 ($26.27) | |
15. | Mongolia | tögrög | MNT | 1,630.19 | 2,197.64 | 500 (31¢) | 20,000 ($12.27) | |
16. | Tanzania | shilling | TZS | 1,607.47 | 2,167.17 | 200 (12¢) | 10,000 ($6.22) | |
17. | Burundi | franc | BIF | 1,539.97 | 2,076.32 | None in use | 10,000 ($6.49) | |
18. | Lebanon | pound | LBP | 1,511.49 | 2,038.09 | 500 (33¢) | 100,000 ($66.16) | |
19. | Somalia | shilling | SOS | 1,264.17 | 1,704.61 | None in use | 1,000 (79¢) | |
20. | Iraq + | dinar | IQD | 1,164.49 | 1,570.22 | 100 (9¢) | 25,000 ($21.47) | Pegged to USD |
21. | South Korea | won ‡ | KRW | 1,075.88 | 1,450.73 | 500 (46¢) | 50,000 ($46.47) | |
22. | Myanmar | kyat | MMK | 974.99 | 1,314.64 | 100 (10¢) | 10,000 ($10.26) | |
23. | Democratic Republic of the Congo | franc | CDF | 918.34 | 1,238.25 | None in use | 10,000 ($10.89) | |
24. | Rwanda | franc | RWF | 670.40 | 903.90 | 100 (15¢) | 5,000 ($7.46) | |
25. | Costa Rica | colón | CRC | 503.95 | 679.47 | 500 (94¢) | 50,000 ($93.64) | |
26. | Chile | peso | CLP | 501.70 | 676.45 | 500 ($1.00) | 20,000 ($39.86) | |
27. | West Africa | CFA franc | XOF | 486.51 | 655.96 | 500 ($1.03) | 10,000 ($20.55) | Pegged rate: 1 € = 655.957 XAF |
28. | Central Africa | CFA franc | XAF | 486.50 | 655.96 | 500 ($1.03) | 10,000 ($20.55) | Pegged rate: 1 € = 655.957 XAF |
29. | Armenia | dram | AMD | 405.86 | 547.00 | 500 ($1.23) | 100,000 ($246.39) | |
30. | Malawi | kwacha | MWK | 365.73 | 493.07 | 10 (3¢) | 1,000 ($2.73) | |
31. | Comoros | franc | KMF | 364.91 | 491.97 | 100 (27¢) | 10,000 ($27.40) | Pegged rate: 1 € = 491.968 KMF |
31. | Mauritania | ouguiya | MRO | 284.50 | 383.57 | 50 (18¢) | 5,000 ($17.57) | |
32. | Hungary | forint | HUF | 222.22 | 299.60 | 200 (90¢) | 20,000 ($90.00) | |
33. | Yemen | rial | YER | 214.75 | 289.49 | 20 (9¢) | 1,000 ($4.66) | |
34. | Guyana | dollar | GYD | 202.90 | 273.54 | 10 (5¢) | 1,000 ($4.92) | |
35. | Djibouti | franc | DJF | 178.41 | 240.50 | 500 ($2.80) | 10,000 ($56.05) | Pegged rate: 1 USD = 177.721 DJF [7] |
36. | Kazakhstan | tenge | KZT | 153.65 | 207.11 | 100 (65¢) | 10,000 ($65.08) | |
37. | Sri Lanka | rupee | LKR | 132.00 | 177.99 | 10 (8¢) | 5,000 ($37.88) | |
38. | Iceland | krona | ISK | 121.35 | 163.58 | 100 (82¢) | 10,000 ($82.40) | The krona is currently not traded freely, with the last ECB reference rate having been set on 3 December 2008 [8] |
39. | Albania | lek | ALL | 104.89 | 141.40 | 100 (95¢) | 5,000 ($47.67) |
Data for all currencies taken from xe.com unless noted otherwise.
Many currencies are not permitted to float on the foreign exchange market, to prevent capital flight or for political reasons. As a result, the parallel market ( black market) price of a currency may deviate substantially from its official value.
Start Date | Finish Date | Country | Currency Unit | Units per US Dollar | Notes |
---|---|---|---|---|---|
– | 21 May 1911 | Portugal | Portuguese real | 900 | new currency: 22 May 1911: 1,000 réis ⇒ 1 escudo |
22 May 1911 | Mid-1920 | Brazil | Brazilian real | 900 – 5,000 | |
Mid-1920 | 31 Dec 1921 | Russia | Soviet first ruble | 5,000 – 60,000 | new currency 1 Jan 1922: 10,000 first Soviet rubles ⇒ 1 second Soviet ruble |
1 Jan 1922 | September 1922 | Austria | Austrian krone | 4,500 – 12,500 | German papiermark inflates |
September 1922 | 31 Dec 1923 | Germany | Mark | 12,500 – 4,000,000,000,000 | new currency 1 Jan 1924: 1,000,000,000,000 Papiermark ⇒ 1 Rentenmark |
1 Jan 1924 | 13 Apr 1924 | Poland | Polish marka | 5,000,000 – 9,324,000 | new currency 14 Apr 1924 1,800,000 marek ⇒ 1 Polish zloty |
14 Apr 1924 | 19 Dec 1924 | Austria | Austrian krone | 26,000 – 45,000 | new currency 20 Dec 1924: 10,000 Austrian kronen ⇒ 1 schilling |
20 Dec 1924 | 31 Dec 1926 | Hungary | Hungarian korona | 7,000 – 63,000 | new currency 1 Jan 1927: 12,500 Hungarian korona ⇒ 1 pengő |
1 Nov 1942 | 9 Nov 1944 | Greece | Greek drachma | 3,500 – 7,500,000,000,000 | new currency : 50,000,000,000 old drachmai ⇒ 1 new drachma |
10 Nov 1944 | August 1945 | Romania | leu | 3,500 – 25,000 | Hungarian pengő hyperinflates |
August 1945 | August 1946 | Hungary | pengő | changed daily | new currency 18 Aug 1946: 400,000,000,000,000,000,000,000,000,000 pengő ⇒ 1 forint |
19 Aug 1946 | 14 Aug 1947 | Romania | leu | 100,000 – 5,050,000 | new currency 15 Aug 1947: 20,000 leu ⇒ 1 new Romanian leu |
15 Aug 1947 | 30 Nov 1948 | Republic of China | Fabi | 250,000 – 105,000,000 | new currency 1 Dec 1948: 3,000,000 fabi ⇒ 1 gold yuan |
1 Dec 1948 | 30 Apr 1954 | Greece | drachma | 20,000 – 30,000 | new currency 1 May 1954: 1,000 drachmai ⇒ 1 new drachma |
1 May 1954 | 28 Feb 1955 | People's Republic of China | yuan | 24,600 | new currency 1 March 1955: 10,000 First Series Renminbi yuan ⇒ 1 Second Series Renminbi yuan |
1 Mar 1955 | 5 Jan 1958 | Italy | Italian lira | 625 | |
6 Jan 1958 | 31 Dec 1959 | Chile | Chilean peso | 650 – 1,051 | new currency 1 January 1960 : 1,000 pesos ⇒ 1 Chilean escudo |
1 Jan 1960 | 31 Dec 1962 | Bolivia | Bolivian boliviano | 750 – 11,875 | new currency 1 January 1963: 1,000 bolivianos ⇒ 1 Bolivian peso |
1 Jan 1963 | 12 Dec 1965 | Indonesia | Indonesian rupiah | 1,205 – 4,995 | new currency 13 December 1965: 1,000 old rupiah ⇒ 1 new rupiah |
13 Dec 1965 | 12 Feb 1967 | Brazil | Brazilian cruzeiro (BRZ) | 1,950 – 2,710 | new currency 13 February 1967: 1,000 cruzeiros ⇒ 1 Cruzeiro novo |
13 Feb 1967 | Mid-June 1974 | Italy | Italian lira | 620–640 | |
Mid-June 1974 | 28 Sep 1975 | Chile | Chilean escudo | 640 – 6,000 | new currency 29 Sep 1975 : 1000 escudo ⇒ 1 Chilean peso |
29 Sep 1975 | November 1978 | Italy | Italian lira | 680–850 | |
November 1978 | 31 May 1983 | Argentina | Argentine peso ley | 850 – 81,105 | new currency 1 June 1983 : 10,000 pesos ley ⇒ 1 peso argentino |
1 June 1983 | 21 Nov 1984 | Peru | Peruvian sol | 1,494 – 4,969 | new currency 1 February 1985 : 1,000 soles ⇒ 1 Peruvian inti |
22 Nov 1984 | 4 January 1987 | Bolivia | Bolivian peso | 8,786 – 2,000,000 | new currency 5 January 1987 : 1,000,000 pesos ⇒ 1 boliviano |
5 January 1987 | 31 January 1988 | Nicaragua | Nicaraguan córdoba | 6,000 – 50,000 | new currency 1 February 1988 : 10,000 old córdobas ⇒ 1 new córdoba |
1 February 1988 | June 1988 | Vietnam | Vietnamese đồng (VND) | 1,700 – 4,500 | Dong devalued from 900 to 3000 [9] |
June 1988 | 31 December 1989 | Yugoslavia | Yugoslav dinar (YUD) | 4,500 – 40,000 | new currency 1 January 1990 : 10,000 hard dinar ⇒ 1 convertible dinar |
1 January 1990 | 30 April 1991 | Nicaragua | Nicaraguan córdoba | 40,000 – 25,000,000 (official) 350,000 – 30,000,000 (parallel) |
new currency 1 May 1991 : 5,000,000 1988 cordóbas = ⇒ hard córdoba |
1 May 1991 | 30 June 1991 | Peru | Peruvian inti (PEI) | 705,000 – 835,000 | new currency 1 July 1991 : 1,000,000 intis ⇒ 1 nuevo sol (inti valid until 31 December 1991) |
1 July 1991 | October 1993 | Zaire | Zairean Zaire (ZRN) | 61,900 – 7,915,000 | new currency October 1993 : 3,000,000 Old Zaire ⇒ 1 New Zaire |
October 1993 | 10 Jan 1994 | Angola | Angolan novo kwanza (AON) | 34,200 | – |
11 Jan 1994 | 23 Jan 1994 | Yugoslavia | Yugoslav "1994 dinar" | 46,000 – 6,850,000 | Changed daily due to hyperinflation new currency 24 Jan 1994: 10~13 million "1994 dinara" ⇒ 1 novi dinar (YUM) (pegged to 1 German mark) |
24 Jan 1994 | 30 June 1995 | Angola | Angolan novo kwanza (AON) | 34,200 – 2,100,000 | new currency 1 July 1995: 1,000 novos kwanzas (AON) ⇒ 1 new kwanza reajustado (AOR) |
1 Jul 1995 | 1 Sep 1996 | Ukraine | Ukrainian karbovanets (UAK) | 147,300 – 176,000 | new currency 2 Sep 1996: 100,000 karbovanets (UAK) ⇒ 1 hryvnia (UAH) |
2 Sep 1996 | 30 Nov 1999 | Angola | Angolan kwanza reajustado (AOR) | 150,000 – 5,400,000 | new currency 1 Dec 1999: 1,000,000 kwanzas reajustados (AOR) ⇒ 1 new Angolan kwanza (AOA) |
1 Dec 1999 | 31 Dec 2004 | Turkey | Turkish lira (TRL) | 518,000 – 1,339,000 | new currency 1 Jan 2005: 1,000,000 old Turkish lira (TRL) ⇒ 1 new Turkish lira (TRY) (old lira valid to end of 2005) |
1 Jan 2005 | 30 June 2005 | Romania | Romanian leu (ROL) | 29,110 – 29,850 | new currency 1 July 2005: 10,000 old Romanian lei (ROL) ⇒ 1 new Romanian leu (RON) (old leu valid to 30 June 2006) |
1 July 2005 | 24 Aug 2005 | Mozambique | Mozambican metical (MZM) | 24,400 | new currency 1 July 2006: 1,000 old Mozambique meticais (MZM) ⇒ 1 new Mozambique metical (MZN) (old metical valid to end of 2006) |
24 Aug 2005 | 31 Jul 2006 | Zimbabwe | Zimbabwean dollar (ZWD) | 25,000–101,000 (official) 45,000–550,000 (parallel) |
Changed daily due to
hyperinflation Redenominated currency 1 Aug 2006: 1,000 first Zimbabwean dollars ⇒ 1 second Zimbabwean dollar |
1 Aug 2006 | ca. 21 Mar 2007 | Vietnam | Vietnamese đồng (VND) | 16,000 – 16,736 | – |
ca. 21 Mar 2007 | ca. 6 Apr 2007 | Zimbabwe | Second Zimbabwean dollar (ZWN) | 250 (official) 16,000 – 30,000 (parallel) |
Changed daily due to hyperinflation |
ca. 6 Apr 2007 | 8 Apr 2007 | Vietnam | Vietnamese đồng (VND) | 16,022 | Zimbabwean dollar briefly rose in value |
ca. 8 Apr 2007 | 31 Jul 2008 | Zimbabwe | Second Zimbabwean dollar (ZWN) | 250 – 69,484,070,056 (official) 20,000 – 751,089,467,956 (parallel) |
Changed daily due to hyperinflation. Redenominated currency 1 Aug 2008: 10,000,000,000 second Zimbabwean dollars ⇒ 1 third Zimbabwean dollar |
1 Aug 2008 | 21 Sep 2008 | Somalia | Somali shilling (SOS) | 35,000 | |
22 Sep 2008 | 2 Feb 2009 | Zimbabwe | Third Zimbabwean dollar (ZWR) | 96 – 12,336,416,667 (official) 80,000 – 300,000,000,000,000 (parallel/cash) |
Changed daily due to hyperinflation. Redenominated currency 2 Feb 2009: 1,000,000,000,000 third Zimbabwe dollars ⇒ 1 fourth Zimbabwe dollar |
3 Feb 2009 | 21 Sep 2012 | Somalia | Somali shilling (SOS) | 22,000 – 33,000 | |
22 Sep 2012 | current | Iran | Iranian rial (IRR) | 22,000 – 42,000 | Somali shilling rises in value and IRR devalues rapidly |
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