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Ten Most Valuable Currencies in the World


Written by Naeem Aslam  AvaTrade Chief Market Analyst Naeem Aslam

The United Nations recognizes 180 currencies in the world as legal tender. But while currencies such as the US dollar and the euro are popular and widely used, they do not hold the highest values, and they are not the strongest currencies. When we talk about the strength of a currency, this refers to the relative purchasing power of a national currency when it is traded for products or against other currencies.

That is, currency strength is measured by the number of services and goods purchased and the sum of foreign currency received in exchange for one unit of the national currency. To determine the strength of a currency or if it is the most valuable currency in the world or the most expensive currency, we need to consider the interaction of a variety of local and international factors. This includes the supply and demand in the forex markets, inflation, growth in the domestic economy, the interest rates of the relevant central bank, and the country’s trade balance.

Here are the top 10 currencies in the world in the order of their strengths (as of March 2022):

Trade Strong Currencies with AvaTrade

Open an AvaTrade trading account and trade the strongest currencies in the world with ease and convenience. Here is why you should consider trading Forex with AvaTrade:

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