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What is the strongest currency?

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In the following writing, we will discuss top ten currencies having stronger values. The globe has 196 countries on it and most of the countries in the world have their own unique currency. The power of a currency to buy in the international market, in fact, depicts its value. read more

Percentage of foreign trade: 2%. Exchange rate to the US Dollar: 1=$0.12 Being the 8th most traded currency in the world, the Hong Kong Dollar ranks at number 9 on our list of top 10 strongest currencies in the world. The currency is available in both banknotes as well as coins and is sub divided into 100 cents. read more

Only 6 of 55 international currencies are stronger than the dollar, as of February 2016. Euro (0.9 EUR to 1 USD) In January 2016, the monthly average for the dollar to euro exchange rate was about €0.92 for $1. The euro bounced from its strongest to weakest point in January, when $1 was changed for €0.86, to November's rate of €0.93. read more

This is mainly due to America’s history as one of the first nations to have a centralised banking system, which came into place in the early 1900s. This put an end to banks deciding on their own currencies and in turn, allowed the American dollar to become one of the strongest currencies in the world. read more

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