UN recognizes 180 currencies as legal tender. Not all the currencies are same amount of US dollars. Some currencies worth more than dollars. Some currencies worth you a penny. When you exchange US dollar to foreign currency, you must convert foreign currency to US dollar to see how valve it is. Foreign currencies is depend on the wealthy of the countries.
Some currencies worth more than US dollars. Because country with valuable currency earn good economy compared to the United States. How worth a Swiss franc in US dollars? It equal to $0.99 (right now $1.03). Switzerland has a stable prosperous, and high-tech economy. One Euro worth a $1.07 (right now $1.06). Euro is the currency of EU since 1999. It replace West European countries currencies include French franc and German Mark except United Kingdoms and Switzerland. It is second most traded in the world behind dollar. One Pound Sterling equal to $1.51.
Most valuable currency in the world is Kuwaiti Dinar. How worth it is? One Kuwaiti Dinar is equivalent to $3.30. Kuwait is a member of the Organization of the Petroleum Exporting Countries (OPEC). Kuwait is also one of largest exporter of oil in 2013 and has the sixth-largest oil reserves in the world as of 2014. In US, we have suffer economy issue especially the Obama care.
Those most valuable currency doesn't really mean that the currency is better investment option or that it represents a better economic and health care.
Most of currencies from Africa, Latin America, Eastern Europe, and Asia are inferior to US dollars. Japanese Yen is worth a penny. Dong, South Korean Won, and Zimbabwe Dollar were a housefly or empty pocket.
Vietnamese Dong was suffered devaluation since embargo from Cambodian-Vietnamese War. One Vietnamese Dong worth no penny. How many Dong to exchange for dollar? It's take 22477.50₫ to convert to one dollar. It's that worth it? No, it worthless. That why Top Gear crew attempted to buy the Fiat with 15,000,000₫, but Fiat cost 560,000,000₫ (that equal to $24875.20 and £16,447.77). Top Gear crew's dong were a $440.57. Top Gear's money were enough to buy used motorbike instead of car.
The world worthless currency of all time is Zimbabwean Dollar. To convert to US$ 1, Zimbabwean dollar were ZWD 250,000,000,000,000. This is how you win a lottery, but you got one US Dollar. In June 2015, Zimbabwe discontinued the world worthless currency to favor US Dollar.
Iran Rial, currently the world worthless currency, exchange rate is 30027.00 IRR is equal to dollar. Iran Rial was devalued since UN passed a sanction against Iran because of Nuclear. Every currency suffered devalued because of economy crisis, war, and sanction. North Korean Won is also good example of sanction and poverty cause of devaluation. However, North Korean will take 900 North Korean Won for $1.00.
The worthless currency isn't just apply to property, economic, and politic. For example, South Korea is bunch of industry and good social life. However, South Korean currency, Won, is too inferior to US Dollar and even North Korean Won is little more valuable than the South. The exchange rate of South Korean Won to one dollar is equal to 1148.89 South Korean Won.
Whenever you want to collect currency as souvenir, you have convert foreign currency to US Dollar to deter is that worth it?
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