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Highest valued currency unit
From Wikipedia, the free encyclopedia
The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good. Most commonly the calculation is made against a major reserve currency such as the euro (EUR), the pound sterling (GBP) or the United States dollar (USD).
Contents |
As of January 2007[1], there were twenty-three currencies for which 1 currency unit was worth at least as much as 1 US dollar:
| No. | State | Currency | Code | Value in Euro | Value in US dollars | Value in Kuwaiti dinars | Highest valued coin |
Highest valued banknote |
|---|---|---|---|---|---|---|---|---|
| 1. |  Kuwait |
dinar | KWD | 2.67 836 [2] | 3.45 923 | 1 | .100 | 20 |
| 2. |  Malta |
lira | MTL | 2.32 937 [3] [4] | 3.00 850 | 0.869 703 | 1 | 20 |
| 3. |  Bahrain |
dinar | BHD | 2.05 921 [2] | 2.65 957 [4] | 0.768 834 | .500 | 20 |
| 4. |  Oman |
rial | OMR | 2.01 370 [2] | 2.60 080 [4] | 0.751 844 | .050 | 50 |
| 5. |  Cyprus |
pound | CYP | 1.75 172 [3] | 2.26 244 | 0.654 031 | .50 | 20 |
| 6. |  United Kingdom |
pound [5] | GBP | 1.51 782 | 1.96 034 | 0.56 670 | 5 (mostly commemorative) 2 (common) |
50 (Eng & Wal) 100 (Sco & NI) |
 Falkland Islands |
pound [4] | FKP | 2 | 50 | ||||
 Gibraltar |
pound [4] | GIP | 2 | 50 | ||||
 Guernsey |
pound [4] | GGP [6] | 2 | 50 | ||||
 Jersey |
pound [4] | JEP [6] | 2 (rarely used) .50 (common) |
50 | ||||
 Isle of Man |
pound [4] | IMP [6] | 2 | 50 | ||||
 Saint Helena |
pound [4] | SHP | 2 | 20 | ||||
| 7. |  Latvia |
lats | LVL | 1.42 287 [3] [4] | 1.83 771 | 0.531 248 | 2 | 500 |
| IMF | Special Drawing Rights | XDR | 1.14 866 | 1.48 355 | 0.428 868 | |||
| 8. |  Jordan |
dinar | JOD | 1.09 205 | 1.41 044 [4] | 0.407 733 | 1 | 50 |
| 9. |  European Union |
euro | EUR | 1 | 1.29 155 | 0.373 364 | 2 | 500 |
| 10. |  Cayman Islands |
dollar | KYD | 0.95 002 | 1.22 700 [4] | 0.354 704 | .25 | 100 |
| 11. |  Azerbaijan |
manat | AZN | 0.889 040 | 1.14824 | 0.331 936 | .50 | 100 |
| 12. |  Cuba |
convertible peso | CUC | 0.836 205 | 1.08 000 [4] | 0.312 209 | 5 (rare) 1 (common) |
100 |
| 13. |  United States |
dollar | USD | 0.774 263 | 1 | 0.289 082 | 1 (rare) .25 (common) |
100 |
 Bahamas |
dollar | BSD | 1 [4] | 2 (rare) .25 (common) |
100 | |||
 Bermuda |
dollar | BMD | 1 | 100 | ||||
 Panama |
balboa | PAB | .50 | -- |
- ^ Floating exchange rate data taken from www.xe.com on January 16, 2007.
- ^ a b c Scheduled to establish GCC common currency in 2010.
- ^ a b c Scheduled to join euro.
- ^ a b c d e f g h i j k l m n Currency peg.
- ^ The highest-valued currency unit of any OECD member-state.
- ^ a b c Commonly used unofficial non-ISO 4217 codes
- Blue cells are exchange rate data obtained from www.xe.com
- Yellow cells are defined pegged rate by various authorities
- All other exchange rate cells are derived by multiplications and divisions from the blue and yellow cells
At a pegged value of US$6.00 per luigino, it is considered to be the world's highest valued currency. However, since the locality that issued it from 1994-1996, Seborga, is not recognized by any nation, the currency is not officially traded out of the locale and has no value outside of it, although it has been recognized by the International Bank. The Kuwaiti dinar is the world's highest valued formally recognized currency.