The Top 10 Most Valuable Currencies in the World in 2022
When you look at the world’s currencies, there are so many different factors to take into consideration. Some countries have very good economies, while others may have really sound financial policies, and then there are still others whose currencies are extremely easy to transfer across borders and internationally because of their global reach. With all of these different variables in play, it can be difficult to discern which currencies are most valuable. The following list will provide you with some of the top 10 highest value currencies on the planet in 2022. Continue reading if you want to find out what they are!
1. U.S. Dollar
US Dollars will be one of the most valued currencies in 2020. The dollar is just not a safe choice, as people and countries try to diversify their holdings. The US Dollar has been steadily declining over the past five years, partly due to changes made by The Federal Reserve to support markets at times of crisis. This stability, but low level of return on investment is putting pressure on investors around the world to rethink their priorities when investing capital.
2. Euro
As of April 2017, the European Union has a population of over 508 million people, making it the largest economy on Earth. It also represents about one-fifth of all wealth on Earth. The euro, used by 19 countries and nearly 330 million people, is by far Europe’s most popular currency and as such will likely have its weight behind it as more time passes. There are many reasons to believe that this euro-based currency should remain strong going into 2022.
3. Japanese Yen
This is a difficult question. If we’re talking about pure value, I would say it’s a toss up between China’s yuan and Japan’s yen. The US dollar doesn’t hold much weight these days but will probably be near the top ten list in 2022. India and Russia will be near the bottom of this list for many reasons.
4. Swiss Franc
The Swiss Franc is now valued as the 7th most valuable currency in the world, up from 8th. In comparison to 2017, it’s up four ranks and over $1,000 USD worth. The change of value could be attributed to Switzerland being a popular international banking hub.
5. British Pound Sterling
The British Pound Sterling is one of the top ten most valuable currencies in the world. With a total value at £181.19 billion, £1 equals approximately $1.59 and €1.09 as of December 3rd 2017.
6. Canadian Dollar
Canada’s monetary unit, like that of many other countries, is a decimal currency which is made up of 100 cents. The Central Bank of Canada sets its national interest rates and regulates private banks which provide loans and lines of credit.
7. Australian Dollar
Next year, Australia is set to start phasing out its old 5 and 10-cent coins and will replace them with a new 12-sided 1-cent coin. While Australia’s currency conversion might be far down on your list of things to worry about, it does have consequences for your money. First off, not having small coins means it will cost less than one cent to purchase an item from a vending machine.
8. Hong Kong Dollar
Starting from 11th, Hong Kong dollar is one of the most valuable currencies in the world. Hong Kong dollar is pegged with gold, and today it has a value of 7.8 HKD to 1 USD.
9. Indian Rupee (INR)
In 2020, 1 USD is equal to 68 INR. By 2022, 1 USD will be worth about 73 INR. The currency of India has a population of over 1 billion people and is currently among the top 5 major economies in the world. India ranks 2nd in terms of nominal GDP. This places it ahead of Canada and Russia at number 7, 8 and 9 respectively, who only have populations under 35 million people each.
10. New Zealand Dollar
The New Zealand dollar (NZD) is ranked eighth out of all currencies by trading volume. It is used primarily in the South Pacific and East Asia, which make up around 44% of world trade according to 2015 data from The Observatory of Economic Complexity (OEC). The Kiwi’s largest trade partner is Australia, which buys about 18% of exports from NZ.