What is the strongest fiat currency in the world today?

gabmen

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Quote from: jeluhtajem on January 22, 2018, 11:47:21 AM

The current highest currency is the Kuwaiti currency, which is DINAR
which is short with the name KWD
1KWD equivalent to 3.31 USD

Dude you'rr talking about the value, the strongest still is the dollar and would probably remain so for a long time. Currencies base their in usd and a usd crash would most likely cause pandemonium on not only the us but the global market. And i think the dinar that has the higest value is the bahrain dinar not the kuwaiti

Maheshkumar_Hrangkhawl

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I would say that the United States Dollar is the strongest fiat currency, without any doubt. It is considered as the world reserve currency, and most of the international trade is conducted using this particular currency.

sizzle729

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The strongest fiat currency in the world today will be Kuwaiti Dinar if we will base it in foreign exchange, since 1 KWD = $3.33 as of now
But, if we base it in acceptance, the strongest and popular is the USD, since it is accepted for most international transactions throughout the world.

jeluhtajem

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The current highest currency is the Kuwaiti currency, which is DINAR
which is short with the name KWD
1KWD equivalent to 3.31 USD

kaysersoze

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US dollar will always be the most strongest fiar currency only because the US and the federal reserve have an incontrollable power at the moment, that is the reason of why almost all the governments and reserves are based on US dollar + their own gold.

hitrawal91

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Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

The strength of the FIAT currency all depends on the Capital assets which the particular government is holding against their having Liabilities. USD is having the almost 13 billion of DEBTS and still, you can say that USD is the strongest FIAT currency because of HIGH PERCENTAGE OF FOREIGN TRADE.

Yes you have heard it right it is the FOREIGN TRADE percentage which will tell the truth behind the countries Economy and the currency market whether who is ruling the market and who is having the high strength. USD is having almost 90% of foreign trade and the next comes EUR and the third spot goes to GBP, and then japanese YEN, swiss franc CHF, CAD(canadian dollar), AUD(Australian dollar) respectively. Hope it helps you.

DMiracle1

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By my research, it seems to me that Kuwaiti dinar is the highest valued currency in the world today. Why? First of all, it is a fixed rate currency, so it maintains its high value without being directly affected by market supply/demand. It is the central bank which has decided to peg the Dinar to the US dollar. Kuwait has nearly 10% of the world's oil reserves. Petroleum accounts for nearly half of GDP and it also accounts for 95% of export revenues and government income. Kuwait has a well-developed banking system (that can actually maintain this fixed rate).

Finestream

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Quote from: worle1bm on January 11, 2018, 10:53:48 AM

Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

Although people thought that USD and Euro are highest and strongest currencies but if we talk about purchasing power then kuwaiti dinar of kuwait is the strongest currency which is almost equal to $3.5 so you can imagine it's strength. But most used currency still is USD which makes it more popular and ahead of other currencies.

Yes its the kuwaiti dinar of kuwait that first comes in my mind only by then followed by euro and usd.But most people talk often about usd and its more importance compared to all fiat currencies.Maybe usd is the most popular fiat currency and that kuwaiti dinar is not so familiar with the mass even if he top the most purchasing power from all of the fiat currencies from different countries.

worle1bm

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Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

Although people thought that USD and Euro are highest and strongest currencies but if we talk about purchasing power then kuwaiti dinar of kuwait is the strongest currency which is almost equal to $3.5 so you can imagine it's strength. But most used currency still is USD which makes it more popular and ahead of other currencies.

cryptoalfs76

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Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

As far as i know the strongest and highest value of fiat currency in the world today is the pound money,because when we convert it to my own phil currency its mostly cost 1pound to 68php.but the most popular currency that we mostly used is the us dollar,especially in cryptocurrency world.USD is the famous fiat currency that we always used and found in trading platform site when we doing a trading investment and not other currencies name we found especially in transacting bitcoin or altcoins only the USD name we always seen.

francojon

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Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

I would not necessarily say that the USD is the strongest currency, it frequently gets printed in excess for political reasons. I would say that the Euro is a more seriously managed fiat at this point.

ricardobs

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Quote from: H0USE on January 10, 2018, 04:02:31 AM

Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

I think Kuwaiti dinar is the most valuable currency when we are talking about purchasing power and its stability. Moreover its stronger than USD and Euro which are most often considered as strongest currencies on global level.1 Kuwaiti dinar is equal to almost $3.5 so you can think its power.

Having the highest value doesn’t make it the strongest currency in the world. I believe the strongest currency in the world is the US dollar, followed Pounds Sterling and Euro. And for those commenting that the Chinese Yuan can become the strongest if it wants to, you will all have to think twice.

HinfinityQ

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The US Dollars is still number one fiat in the world and EUR/USD is still the most tradable forex we have today,
Hopefully Bitcoin will grow more and we can achieve it if we fix some of the major hindrance we all experiencing up to this day
But nonetheless BTC/USD is the most tradable instrument we have today

H0USE

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Quote from: skilo on March 10, 2014, 12:58:09 PM

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

I think Kuwaiti dinar is the most valuable currency when we are talking about purchasing power and its stability. Moreover its stronger than USD and Euro which are most often considered as strongest currencies on global level.1 Kuwaiti dinar is equal to almost $3.5 so you can think its power.

reckoner

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yuan could be if china wanted to

btcfundsorg

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CHF and HKD of course

Swordsoffreedom

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Quote from: waldox on March 24, 2014, 06:29:14 PM

yuan

its been suppressed by china to own the export market

once they lift the suppression, yuan will increase in value

If they ever make a gold standard which they may be able to build the financial system to do so then we will have an interesting time seeing if it becomes the next reserve currency post US dollar
Or one of a basket depending on what countries the others trade with

waldox

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yuan

its been suppressed by china to own the export market

once they lift the suppression, yuan will increase in value

CurbsideProphet

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Quote from: Tjopper on March 22, 2014, 11:22:18 AM

Quote from: CurbsideProphet on March 21, 2014, 04:57:52 PM

Quote from: Tjopper on March 16, 2014, 06:57:38 AM

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

Hahaha the Euro? You have got to be kidding me. Europe isn't a ponzi scheme? That's why they let in serial defaulters like Greece, Italy, etc.? They're called PIIGS for a reason and countries like Germany have to constantly bail them out in order to keep the Euro from collapsing. What is it 17+ sovereign nations with totally different laws under one currency? Yeah there's some real strength there Roll Eyes

Like the USA has the same laws in al states and China isn't devided with seperate rulings in different regions Sad

.

Uh yeah Federal laws apply to all states, stupid.

aminorex

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Quote from: Bonam on March 22, 2014, 03:25:38 PM

What is meant by strongest?

If you could hold only one fiat currency, which one would it be? To me that'd be USD, cause it is the most widely used and accepted.

Almost all portfolios are over-exposed to USD, in the MPT sense.

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