The strength of a currency is assessed by examining how many goods and services can be bought with a single unit of the national currency and the amount of foreign currency that can be exchanged for it.
1. Kuwaiti Dinar (KWD) – One KWD is now worth Rs. 274.67
The Kuwaiti Dinar (KWD), recognized as the highest-valued currency globally, symbolizes Kuwait’s economic strength. In Kuwait, the Indian ex-pat group has a strong presence, making the KWD to INR rate the most popular Kuwait Dinar exchange rate.
The Kuwaiti dinar continues to remain the highest currency in the world, owing to Kuwait’s economic stability.
2. Bahraini Dinar (BHD) – One BHD is equal to Rs. 222.18
The currency of Bahrain is the Bahraini Dinar or BHD. The INR to BHD rate is the Bahrain Dinar exchange rate most commonly used. BHD making it rank as the second-highest currency in the world.
3. Omani Rial (OMR) – One OMR is equal to Rs. 217.53
Oman’s official currency is the Omani Rial or OMR. INR was the official currency of Oman until 1940. For this reason, the INR to OMR rate is the most often used Rial exchange rate.
4. Jordanian Dinar (JOD) – One JOD is worth Rs. 118.16
Jordanian dinar (JOD), Jordan’s official currency, and the Israeli shekel were used by the West Bank. One of the primary reasons for the high value of this currency is its fixed exchange rates. The JOD to EUR rate is the most widely used Jordan Dinar exchange rate. The economy of Jordan is diversified in various sectors as it does not majorly depend on oil exports.
5. Gibraltar Pound (GIP) – One GIP is valued at Rs. 110.72
The official currency of Gibraltar is the Gibraltar pound (GIP). It is fixed to and exchangeable at par with the British pound sterling. The Government of Gibraltar is the central bank that controls the GIP and is in charge of minting coins and printing notes. Gibraltar’s economy increasingly relies on various industries, including tourism and e-gaming.
