Topic: What is the strongest fiat currency in the world today? - page 4. (Read 7292 times)

IMHO comparing FIAT currencies looking for a champion is like looking at suiciders in freefall off a bridge - and checking which ones are a few feet behind the others.
Technically, the trailers die later and may be a better bet compared to the others ahead - but their share the same fate.

The only thing that seems to differ is the point on the time/decay curve they're on.

CHF is a strong player in the death race, but infected with the same cancer. Still, looks better running than the others, even despite that fixed Euro peg concrete ball attached to its leg.
(since 80% of swiss revenue comes from the finance sector, the next cycle of financial instability just around the corner can quickly change all that, however)

IMHO only the next iteration of currencies (after the next reset that usually occurs roughly every ~70-80 years and which currently is overdue) might have some decades of relative stability. Depends on how the reset occurs, though (might not go peaceful, mass redistribution of wealth never really does). Will be quite a ride to say the least.

The Chinese are very actively preparing the Yuan/Renmimbi for the next cycle (AFAIK the only nation who openly does it) - but who knows if they are really capable to manage it as they plan to. They gobble up every ton of gold they can get their hands on and openly advised their population to do the same.
Some other nations at least attempt to repatriate their abroad gold holdings which were in complete hibernation for over 50 years, which is a clear sign of them preparing as well, just in a more covert way.
The US seems happy with frantically trying to keep foreign gold holdings or invading other nations to *cough* "take theirs into safer custody". Other than that they're just preparing by transforming domestic law enforment into a full-scale riot-control military, getting ten thousands of drones for 24/7 domestic surveillance, massively boosting their intelligence apparatus and hastily completing internment camps on US soil scheduled to be operated by the US army (which tells me they expect their transition to be a pure sh*tstorm).

The appearance of strength in a currency is meaningless when it is compared to other fiat currencies which are also being devalued aggressively.  Look at commodity prices valued in the currency in question if you want to know whether it is appreciating or depreciating.  If it buys less stuff now than before, then it is depreciating.  But remember to adjust for the commodity cycle, which is rather long.

RBA is one of the central banks which is conducting a coordinated devaluation of their currencies.  RBA is even depreciating next to the USD, which is losing value faster than any time since the time when Nixon closed the gold window.

$AUD!

Euro atm is very strong.

Interesting, I wasn't aware of this. Thanks for the info.

is that GBP?
sounds very expensive to buy it

Euro as always, even if it fall, there is many banks that want it high and nice, much more then USD.

CHF is down for very long time now.

Krone is interesting. I never even took a look on it, but for sure it should stay stable.

Yuan is yuan, too heavily controlled by state. Even citizens of issuing state don't want to use it.

No paper money will survive the current hyperinflation, you might have government surviving it if they have a budget surplus and they manage things well but otherwise things are going to go to hell for most people.

+1 for Norway, just about any government with natural resources at its disposal and a budget surplus will have a strong currency, but paper money itself is going to vanish, I think you could also add Russia to the list as well for that reason but fiat currencies in general are being propped up, as quite a few people have said on this forum, they've been propped up with guns.

China is still doing well and knows how to manage an economy but again, paper money is going to fail them, especially since they've bought up so many U.S bonds.

Yes, they are bat shit insane, but they have lots of natural resources.

The Norwegian krone set another record last year in terms of sheer strength, compared to other foreign currencies. That makes Norway even more expensive than normal for visitors from abroad and poses problems for Norwegian exporters, while Norwegian residents themselves can save thousands on overseas shopping trips and holidays.



Thanks for the link.
Is Norway 'uber-socialist' like Sweden?

Fiat currencies are meant/designed to be inflated and spent, so you might just want to cash out in whatever currency that is accepted locally, because you are going to spend it

Norwegian Krone. Not kidding.

http://www.newsinenglish.no/2012/02/07/norways-currency-stronger-than-ever/

The Swiss franc is currently pegged to the Euro, but if things get really bad/worse in Greece again it will be interesting to keep an eye on how the EU tries to keep it all together.

as probably every currency can be manipulated by Rothschild family then there isn't any which can be the strongest one...

Or just put all of your money into Bitcoin?

PBOC is inflating it massively.  Declining even against USD now.

Any currency managed by a central bank tends to zero.  All the currencies are now managed by central banks.  They will all go to zero. 
If you want to save via currency markets, save by capitalizing a swap with positive carry.

I mean as far as purchasing power goes, If you wanted to cash out some Bitcoin what would be the best currency to cash out in?

EURO is the most strongest currency i would and if you are asking about the worth in conversion then its kuwati riyal( correct me if iam wrong) which cost somewhat around 3.55usd per riyal. 

If you define "strong fiat" by: a low public, external, private and commerial debt, you'll end up with a "third-world" looking list.

If you define "strong fiat" by: used by a lot of people, it will be the USD.

Obviously, both methods fail. We might consider a fiat currency as strong if it has a stable percentage of money growth, which ideally should be 0.