Currency Comparison: World Currencies and Indian Currency Exchange Rates

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In today’s globalised world, currency exchange rates play a crucial role in international trade and finance. Currency exchange rates determine the value of one currency against another, and they fluctuate constantly based on various economic and political factors. As a result, it’s important to stay informed about the current currency exchange rates and how they impact your financial transactions. In this article, we will help you take a closer look at world currencies and Indian currency exchange rates.

Highest Currency in the World List in Indian Rupees

When it comes to currency comparison, one of the most common questions people ask is which currency is the strongest in the world. The answer to that question depends on how you measure strength. One way to measure strength is by looking at the exchange rate of a currency against other currencies. Based on this measurement, the highest currency in the world list in Indian Rupees is the Kuwaiti Dinar, which is valued at approximately 270 INR. The Bahraini Dinar and Omani Rial are also high on the list, valued at around 200 INR.

The US Dollar (USD) is considered the world’s most dominant currency and is widely used in international trade and commerce. However, there are other currencies that have a higher value than the US Dollar. Here are the top five highest currencies in the world list in Indian rupees (INR):

Currency	Value in INR
1 Kuwaiti Dinar (KWD)	271.59 INR
1 Bahraini Dinar (BHD)	222.10 INR
1 Omani Rial (OMR)	216.96 INR
1 Jordanian Dinar (JOD)	117.78 INR
1 British Pound (GBP)	104.66 INR

However, it’s important to note that the strength of this highest currency in the world listed in Indian rupees or any other currency of a country is not solely determined by its exchange rate. Other factors, such as a country’s economic stability, political situation, and trade policies, also influence the value of its currency. Therefore, while these currencies may have a high exchange rate against the Indian Rupee, they may not necessarily be the strongest currencies overall.

You can also check the list of live exchange rates on Thomas Cook’s website. It can come in handy when you’re planning on any overseas travels.

Currency Exchange Rates Table

To get a better understanding of currency exchange rates, let’s take a look at a currency exchange rates table. This table shows the exchange rates of some of the world’s major currencies against the Indian Rupee.

Currency	Exchange Rate Against INR
1 US Dollar (USD)	84.06 INR
1 Euro (EUR)	89.90 INR
1 British Pound (GBP)	104.72 INR
1 Japanese Yen (JPY)	0.54 INR
1 Swiss Franc (CHF)	91.94 INR
1 Canadian Dollar (CAD)	61.02 INR
1 Australian Dollar (AUD)	55.06 INR
1 Singapore Dollar (SGD)	61.67 INR
1 Hong Kong Dollar (HKD)	10.64 INR
1 Chinese Yuan Renminbi (CNY)	11.56 INR

As we can see from the currency exchange rates table, the US Dollar is one of the countries that has a higher exchange rate against the Indian Rupee compared to other currencies. This is because the US Dollar is one of the most widely traded currencies in the world and is often used as a benchmark currency in international transactions. The Euro and British Pound also have relatively high exchange rates against the Indian Rupee in the currency exchange rates table, reflecting the strength of the European and British economies.

This world currency list with rates provides an overview of some of the major world currencies and their exchange rates against the Indian Rupee. It’s important to note that the exchange rates of these currencies are subject to fluctuations, and it’s essential to keep track of the latest exchange rates before making any international transactions.

World Lowest Currency vs Indian Rupee

On the other hand, some countries have to struggle with low currency values. The world’s lowest currency is the Iranian Rial, which is valued at approximately 0.0019 INR. This means that 1 INR is equivalent to 500.61 IRR. The Iranian Rial has been facing severe inflation, and its value has been declining rapidly over the years. In contrast, the Indian Rupee has been relatively stable, and its value has been increasing over the years.

Other low-value currencies in the list of the world’s lowest currency vs Indian Rupee include the Vietnamese Dong, Indonesian Rupiah, and Sierra Leonean Leone. You can check Thomas Cook’s website as well to see the live exchange rates of the world’s lowest currency vs Indian Rupee to plan your travel budget accordingly.

Currency Comparison

Currency comparison can be a complex topic, as there are many factors that can influence the value of a currency. However, some of the key factors to consider include economic stability, political situation, trade policies, and inflation rates. By understanding these factors and keeping track of currency exchange rates, you can make more informed decisions when it comes to international trade and financial transactions.

A country with a high-value currency can purchase more goods and services from other countries, whereas a country with a low-value currency may find it challenging to import goods and services. Therefore, currency comparison is essential for countries engaging in international trade and commerce.

India is a significant player in the global economy, and its currency, the Indian Rupee, is widely traded in the international market. The Indian Rupee has been relatively stable over the years, and its value has been increasing against some currencies, such as the US Dollar. However, it’s important to note that the exchange rates of the Indian Rupee are subject to fluctuations and can change rapidly based on various factors such as political instability, economic factors, and global events.

At Thomas Cook, when you are planning your trip abroad and looking to get a forex card, you can easily avail of our various services, including currency exchange, money transfers, and travel insurance, to fulfil all your travel and foreign exchange needs.

Thomas Cook provides competitive exchange rates for a wide range of currencies. We also offer a currency converter tool on our website, which enables you to compare exchange rates of different currencies quickly. Our online platform allows you to buy and sell foreign currencies from the comfort of your homes and offices. We also offer home delivery of currencies, making it convenient for those who need foreign currencies for travel or business needs.

Frequently Asked Questions: 

1. What is the 10 lowest currency in the world?

The number one cheapest currency in the world is the Iranian Rial (Code: IRR), where 1 INR (Indian Rupee) is equivalent to 498.30 IRR. The second-lowest currency in the world is the Vietnamese Dong (Code: VND), valued at 1 INR equivalent to 300.74 VND. The third-lowest currency in the world is Sierra Leonean Leone (Code: SLL), valued at 1 INR equivalent to 267.32 SLL. The fourth-lowest currency in the world is the Lao/Laotian KIP (Code: LAK), valued at 1 INR equal to 260.71 LAK. The fifth-cheapest currency in the world is the Indonesia Rupiah (Code: IDR), valued at 1 INR equal to 188.67 IDR. The Uzbekistani Som (UZS) grabs the next spot on this list. In terms of the sixth-world lowest currency vs Indian rupee, 1 INR is equal to 151 UZS. The seventh lowest currency in the world is Guinean Franc (1 INR = 102.21 GNF), the eighth lowest currency in the world is Paraguayan Guarani (1 INR = 92.87 PYG), and the ninth lowest currency in the world is Cambodian Riel (1 INR = 48 KHR). Finally, the tenth spot is taken by the Ugandan Shilling (UGX). In the case of the tenth-world lowest currency vs Indian rupee, 1 INR is equal to 43.47 UGX. [Data shown as of 14th November, 2024]

2. What are the top 10 highest currencies?

On the list of the top 10 highest currencies in the world, the first spot is occupied by the Kuwaiti Dinar (Code: KWD), where 1 KWD is equal to 274.51 INR. The second name on the highest currency in the world list in Indian rupees is Bahraini Dinar (Code: BHD), where 1 BHD is equal to 224.60 INR, third-highest currency in the world list in Indian rupees is the Omani Rial (Code: OMR), where 1 OMR is equal to 219.36 INR, fourth-highest currency in the world list in Indian rupees is the Jordanian Dinar (Code: JOD), where 1 JOD is equivalent to 119.12 INR and fifth-highest currency in the world list in Indian rupees is taken by the British Pound (Code: GBP), where 1 GBP is equal to 106.89 INR. The sixth-highest currency in the world list in Indian rupees is the Gibraltar Pound (1 GIP = 106.87 INR), seventh is the Cayman Islands Dollar (1 KYD = 102.27 INR), and eighth is the Swiss Franc (1 CHF = 94.96 INR). The ninth place goes to the Euro (EUR), where 1 EUR is equal to 88.93 INR and the last currency on this list is the US Dollar (Code: USD), where 1 USD is equivalent to 84.45 INR. [Data shown as of 14th November, 2024]

3. What determines the exchange rate?

The exchange rate is the value at which one currency is converted to another one. Due to this constant change in value, the floating exchange rate stays in flux, which can be a bit confusing for those dealing with forex frequently. One of the main influencing factors is the demand and supply of that currency. Excessive supply decreases the value of a currency, while an increased demand raises it. The rate of inflation and interest can also affect the exchange rate of a country’s currency. A nation with a high inflation rate will have a lower currency value and claim a higher spot on the cheapest currency in the world list. Other notable elements that have an influence on the exchange rate of currencies include factors like a nation’s government debt, the balance of trade deficits, economic and political stability, etc. These are the factors that influence the list of the highest and cheapest currency in the world.

4. Which is the second most expensive currency in the world?

While the most expensive currency in the world is the Kuwaiti Dinar (Code: KWD) of Kuwait, the name that comes a close second is the Bahraini Dinar (Code: BHD). It is the official currency of the Kingdom of Bahrain. It became the second highest-valued currency unit in the world back in December of 2021. As of November 14th 2024, 1 BHD is equivalent to 224.60 INR (Indian Rupees). Its value against other popular currencies is 1 BHD equal to 2.65 USD or 0.818 KWD. It was introduced in 1965 as a replacement for the Gulf Rupee, at a rate of 1 Dinar = 10 Rupees. Abu Dhabi also adopted this currency initially but later switched to the Dirham in 1973. If you are a frequent international traveller or deal with forex, having information on the cheapest currency in the world is as important as its expensive counterpart.