10 Cheapest Currencies in the World in 2017

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9. Paraguayan Guarani (PYG)

1 USD = 5,562.89 PYG

Just like in Cambodia, the centavo coins are no longer in use in Paraguay due to high inflation. At 5,562.89 PYG against one US dollar, the Paraguayan Guarani is the weakest currency in the Americas. According to Trading Economics, it reached its record low of 3,642.70 in August 2011.

Man in ox cart

Image Credit: Pixabay/Public Domain

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