KNOW ABOUT TOP 5
KNOW ABOUT TOP 5 STRONGEST CURRENCIES IN THE WORLD
Picking the right stocks to earn the money is an ART and the same goes for currencies too. Having many types of currency and picking up the right one among all was always a difficult task. In the worst cases, your choice may not be correct. It is advised to pick the strongest one when you feel any sort of confusion.
Top 5 strongest Currencies in the world are listed in the following
- POUND STERLING
- AUSTRALIAN DOLLAR
It is the official currency of the world's largest economy and it is also known as the reserve currency during the Bretton Woods system. It is also one of the widely transacted currencies across the world and made as to the official currency in many countries. No wonder as it is compared to be one of the world's most Formidable ones. 1 US Dollar = INR 70.82
If the Europeans have a chance to showcase the beauty of their union, definitely the currency will be their main asset in the battleground. 19 out of the 28 embraces use it as their common currencies. The European bank is the responsibility of the Euro.
1 Euro = INR 79.01
Yen is been as Japan's monetary unit since the turn of the 20th century. It has become one of the world's most traded currencies. Unlike the other nations, it is under the managed float regime. The Bank of Japan has the exclusive rights to issue all the currency notes and coins.
1 Yen = INR 0.65
The Bank of England also has the authority to issue Pound Sterlings. Currently, there are four types in their currencies i.e., £5, £10, £20 and £50. Pounding Sterling is registered as the top four world's topmost traded currency and one of the most-held global reserve currency.
One pound = INR 91.94
- AUSTRALIAN DOLLAR
Australian Dollar comes as a breath of fresh air in the world of unnecessary inventions and protectionist regimes. It holds as one of the stable economies without any serious economic issues. It is a known fact that the Australian Dollar is one of the top 5 world's most traded ones.
One Australian dollar = INR48.68