Just came across some fun information about today’s world’s most expensive currencies. It turns out that the Kuwaiti dinar is pricier than expected—1 unit can be exchanged for $3.26. That made me think that a strong currency often comes from oil-rich countries.

It seems that oil-producing countries in the Middle East take the top spots—KWD, BHD, and OMR all have the highest exchange rates. Meanwhile, GBP and CHF are also strong, because their economies have been robust since the past. Today’s stable world currencies are often currencies that are pegged to the USD or backed by gold reserves.

What’s interesting is the EUR. Even though it’s a newer currency, it’s still quite strong—1 euro can be exchanged for $1.13, because the European economy is very large. Today’s most expensive world currency doesn’t necessarily mean it’s the safest—you still need to look at the credibility of the country that issues the currency.