As everyone knows, exchange rates vary dramatically from country to country, especially when compared to countries with the most expensive currency in the world. These nations boast a strong currency for several reasons, yet due to the complexity of the matter at hand we will not dwell on this issue. One thing however must be taken into account: a strong currency is not necessarily an indicator of solid economic performance. Hence, despite its relatively high value, the most expensive currency in the world might not represent the best investment option.
Much like the 10 most expensive countries to fly to, which we presented in a previous post, the countries with the highest exchange rates are constantly changing. A country might have the most expensive currency in the world today, but suffer a drastic loss of value in the future. In addition to this financial uncertainty, having a high exchange rate is often a disadvantage, especially if the nation at hand relies heavily on exports. As the price of the national currency increases, so does the value of the goods produced, making it hard to compete in international markets. Nevertheless, there are some exceptions to this rule, such as when the commodity at hand is rare and demand is high.
Although the US dollar is probably the most common currency for international trade, it is not as highly valued as one would expect. In fact, some of the countries mentioned in the following list of the most expensive currency in the world, have a far higher exchange rate, sometimes doubling or tripling that of the US dollar. So without going into further detail, let us take a closer look at these currencies and find out how much they are really worth.
10. Swiss Franc (CHF)
Switzerland is not only one of the wealthiest countries in the world, but also one of the most stable. Although the Swiss have a high exchange rate compared to the US dollar, their high-tech goods are valuable enough to be exported all over the world.
The Swiss may boast the unofficial financial capital of the world, but their currency is only the tenth most expensive currency in the world. Keep reading to check out the nine that beat it.