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I just came across an interesting overview of the strongest currencies in the world, and I have to say, it's not exactly what I would have expected.
The number one is the Kuwaiti Dinar, dominated by oil wealth and economic stability.
Then follow the Bahraini and Omani Dinars – all these Gulf players have really strong currencies thanks to oil.
But what's interesting to me is this – when you look at the strongest currency in the world, it's not just the Middle Eastern countries.
The Jordanian Dinar, British Pound, Swiss Franc – all are high up there.
The Swiss Franc didn't surprise me at all; that currency has always been considered a safe haven.
And then we have the Euro and the Dollar at the bottom of the list, which is strange, isn't it?
I would think they should be higher.
Maybe it's more about the absolute value of the currency rather than its strength on the market.
The currency world is just more complex than it seems at first glance – the strongest currency in the world doesn't have to be the most traded.
Whoever is interested in how these currencies actually behave, each has its own story.