Dollar is the yardstick used to value the currencies of all other countries and it usually gives the impression of being the most important amongst all the currencies. However, there are some more world currencies, which are equally popular for the purpose of being used in international trade and business. A list of such currencies has been prepared in which they have been ranked according to their popularity.
Listed below are the top 10 highest rated currencies in the world:
10. Corona Norway
On the number 10 spot in this list is the currency of Norway, the Corona, which has made it among the top 10 because Norway is a leading exporter of oil and metals, particularly steel.
9. Hong Kong Dollar
The next entry on the list of leading world currencies is Hong Kong Dollar. Hong Kong is emerging as a major economy, with the presence of some leading banks and companies, besides being a center of international shipping trade.
8. Swedish Crown
Another popular currency is the Swedish Crown, the credit for which goes to the fact that Sweden is a stable economy, on account of being leading producer of steel and palladium, which is a precious metal. As a result, it has earned a place on the list of top 10 currencies in the world.
7. Canadian Dollar
Featuring next on this list is the Canadian Dollar, which is involved in sale of products to huge markets in the Central American and Caribbean countries, making its currency a popular one. In relation to the USA, 0.92 Canadian Dollars equal 1 USD.
6. Australian Dollar
Another currency making it to the list of top 10 currencies in the world is the Australian Dollar, which has gained impetus in the recent times on account of the country being involved heavily on sale and trading of commodities with countries like India and China.
5. Swiss Franc
The Swiss Franc is another popular currency, which was widely used during the World Wars I and II. The importance of this currency can be judged from the fact that it was convertible into gold till 2003, and even today, it is one of the most stable amongst all the world currencies.
Next on the list of popular currencies in the world is the official currency of UK, the Pound Sterling, which had been one of the most used currencies all over the globe all through the period of the 19th and 20th century. At present, a pound is equivalent to $ 1.60, which makes it a strong currency in comparison with US Dollar.
3. Japanese Yen
Following closely is the Japanese Yen, which is a leading currency in the Asian regions, particularly in less developed economies like North Korea, Cambodia and Vietnam. Since Japanese economy is a rapidly progressive economy with excellent business policies, this currency is leading on this list.
On number 2 in the list of top 10 currencies in the world is the Eoro, which also has the largest amount of cash in circulation around the world at present, nearly 751,000 million Euros. The strength of this currency is its wide usage, across all the major European nations, which earns it this spot on the list.
1. US Dollar
Popularity wise, the US Dollar is the most traded currency in the world, which is used as a single currency for international transactions all over the world. The usage of this currency as the base currency has been carried out after the Treaty of Bretton Woods was signed in 1944, after the Second World War.
The credit of these currencies being on this list goes to the fact that all the economies are rapidly flourishing as far as trade and exports are concerned.