5 Best Performing Currencies Against the US Dollar

4. Jordanian Dinar

1 USD = 0.71 JOD 

The Jordanian dinar (JOD) stands as the fourth-strongest currency globally, with an exchange rate of 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).

Jordan, a primarily landlocked country in the Middle East, differentiates itself from its neighbours by having a lesser reliance on oil and gas exports. Despite this, Jordan has faced challenges, experiencing sluggish economic growth and increasing debt levels. The Jordanian dinar has been in circulation since 1950 and is pegged to the US dollar, contributing to its strength.

The central bank of Jordan was established in 1964, and the initial series of banknotes, issued in denominations of 0.5, 1, 5, and 10 dinar, reflected the country’s commitment to its currency. The strength of the Jordanian dinar is attributed to its fixed exchange rate and pegging to the USD, providing stability independent of the country’s economic fluctuations.