Dollar vs 55 different currencies 2024 | Statista (2024)

FAQs

Where is the American dollar worth the most in 2024? ›

One United States dollar was worth over 15,000 Indonesian rupiah in March 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world.

FAQ. What is the safest currency in the world? The Swiss franc (CHF) is generally considered to be the safest currency in the world and many investors consider it to be a safe-haven asset. This is due to the neutrality of the Swiss nation, along with its strong monetary policies and low debt levels.

The Kuwaiti dinar is so valuable because the demand for it is so high. This is due to Kuwait having a strong, stable economy backed by vast oil reserves. Other currencies that are stronger than the U.S. dollar include the Bahraini dollar, the Oman rial, the Jordanian dinar, and the Gibraltar pound.

US dollar (USD):

It contributes to an average volume of US$2.9 trillion per day, making it the most traded currency in the world. Its popularity can be attributed to a variety of factors. The United States has the largest economy in the world and serves as a global trade powerhouse.

1: Kuwaiti Dinar (KWD)

The highest-valued currency in the world is the Kuwaiti Dinar (KWD).

Peru/Peruvian Sol

This South American country offers tons to do — there's exploring the 15th-century Inca citadel of Machu Picchu, the Maras salt flats, the Amazon River, and the beach-strewn coasts. Even with a tourism boom, your dollar will go far here against the Peruvian Sol.

Gold, Silver, and Other Precious Metals

Precious metals can't be printed like paper money, which makes them a good hedge against economic collapse. Since their supply is limited, the value of gold and silver holds better over time.

Currently, the Iranian Rial is considered the world's least valuable currency. This is the result of factors like political unrest in the country. The Iran-Iraq war and the nuclear program also played a huge part.

EUR/USD FX rate, up until Sep 16, 2024

The euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time. Figures were different later in the year, however, with a rate of 1.11 USD recorded at the end of September 16, 2024.

What is the weakest currency? ›

The Iranian rial is currently considered the weakest currency in the world, with 1 USD equal to approximately 514,000 IRR on the black market rate.

While currency values fluctuate constantly, between 2008 and 2022, the general trend was toward a stronger dollar. As recently as 2008, $1.60 was required to purchase one euro. In August 2022, the dollar reached parity with the euro ($1 = 1 euro).

The Lebanese pound recorded the highest loss of value against the U.S. currency, depreciating by 89.89 percent. Following close behind is the Argentine peso, which lost nearly 78 percent of its value.

Australian money is some of the most advanced currency in the world: not only is it completely waterproof, but it's notoriously hard to counterfeit due to its complex design.

Some of the countries where a dollar is worth the most money include Mexico, Peru, Chile, and Colombia. It's possible to exchange dollars for local currency in these countries at favorable exchange rates.

The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar). Kuwait is located on the Persian Gulf between Saudi Arabia and Iraq, and the country earns much of its wealth as a leading global exporter of oil.

Generally speaking, dollars go furthest in states in the Southeast and Midwest parts of the country. Go to places like Arkansas or South Dakota, and you'll see higher purchasing power.

The United States Dollar is expected to trade at 102.02 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 102.92 in 12 months time.