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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]

List of highest-valued currency units

[edit]

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

See also

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Notes

[edit]
  1. ^ a b c d e f g h i j Currency peg.
  2. ^ The highest-valued currency unit of any OECD member-state.

References

[edit]
  1. ^ Floating exchange rate data taken from XE.com on October 24, 2013, at 12:38 UTC.


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.

Current least valued currency units

[edit]

As of 20 April 2013, these are the 41 lowest valued currencies.[1] [2]

In addition:

  • Zimbabwe's currency, the Zimbabwean dollar, was indefinitely suspended on 12 April 2009, and is not included on this list.
  • The Zambian kwacha was rebased 1000:1 on January 1, 2013 and is thus no longer on this list.
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.

Notes
+ – Redenomination is currently being considered.
‡ – The least valued currency of any OECD member state

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.

Historical least valued currencies

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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
  1. ^ "Currency conversion rates".
  2. ^ "The world's least valuable currencies". The Telegraph.
  3. ^ "Money changers stay away from Iranian rial | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more". Arabnews.com. 2013-05-07. Retrieved 2013-07-24.
  4. ^ "Téla Nón >> 1 euro equivale a 24.500 dobras". Telanon.info. 2011-06-20. Retrieved 2013-07-24.
  5. ^ "North Korean Market Trends". DailyNK. Retrieved 2013-09-26.
  6. ^ "Have guest workers stabilised Uzbek sum?". UzNews.net. 2011-07-20. Retrieved 2013-07-24.
  7. ^ "Home page". Central Bank of Djiboutiaccessdate=2013-08-18.
  8. ^ "Euro foreign exchange reference rates". Ecb.int accessdate=2013-08-18. {{cite web}}: Missing pipe in: |publisher= (help)
  9. ^ Chin, Anthony T. H. (ed.). Economic Management and Transition Towards a Market Economy: An Asian Perspective. ISBN 9810220499.
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