What is the highest value currency in circulation world wide? eg. 1 usd, 500Y?
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This entry was posted on Thursday, February 25th, 2010 at 7:33 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
February 25th, 2010 at 7:33 am
the highest value currency in circulation world wide is the dinar. it is the currency of the country of Kuwait. the value of the dinar is 3.5 times more than the dollar value. the biggest note they print is the 20 dinar. hope this helps.
February 25th, 2010 at 7:33 am
This question is hard to answer, because what you really need to know is the Purchasing Power Parity between countries. You need to look at the Big Mac Index.
http://www.oanda.com/currency/big-mac-index
Currently, the Norwegian Kroner takes the cake. 1 Kroner buys nearly 2x the amount of "stuff" a USD will buy. For instance, a Big Mac in the US Costs $3.57. In Norway, it would cost $6.89. This means that Americans are poor in Norway and Norwegians are Rich in America. As such, their currency is more valuable than the US Dollar.
Remember, Purchasing Power Parity is 100x more important than the exchange rate.