What is the most popular exchange rate?
US dollar (USD)
US dollar (USD)
It is the number one most traded currency globally, accounting for a daily average volume of US$2.9 trillion.
While bilateral exchange rates are the most frequently quoted exchange rates (and are most likely to be quoted in the press), a trade-weighted index (TWI) provides a broader measure of general trends in a currency.
The highest currency in the world is none other than Kuwaiti Dinar or KWD. Initially, one Kuwaiti dinar was worth one pound sterling when the Kuwaiti dinar was introduced in 1960. The currency code for Kuwaiti Dinar is KWD. The most popular Kuwait Dinar exchange rate is the INR to KWD rate.
To determine what's “good,” you must understand what's normal by checking the mid-market rate. This term refers to the midpoint between the buy and sell prices of any two currencies across different vendors and banks. Anything that hits that range or above is considered a good rate.
Some of the countries where a dollar is worth the most money include Mexico, Peru, Chile, and Colombia. It's possible to exchange dollars for local currency in these countries at favorable exchange rates.
| US Dollar | 1.00 USD | inv. 1.00 USD |
|---|---|---|
| Euro | 0.933426 | 1.071322 |
| British Pound | 0.800490 | 1.249235 |
| Indian Rupee | 83.375458 | 0.011994 |
| Australian Dollar | 1.535065 | 0.651438 |
There are two types of currency exchange rates—floating and fixed. The U.S. dollar and other major currencies are floating currencies—their values change according to how the currency trades on forex markets.
| Currency Code | Currency | DD Selling Rate |
|---|---|---|
| USD | US DOLLAR | 305.20 |
| GBP | BRITISH POUND | 382.17 |
| EUR | EUROP CURRENCY UNIT | 330.19 |
| JPY | JAPANESE YEN | 01.99 |
The U.S. dollar is generally seen as the most powerful currency in the world. It's the most-traded currency on the global stage by a wide margin. However—perhaps surprisingly—the greenback is not the strongest of the 180-odd traditional fiat currencies recognized as legal tender worldwide.
What is the weakest currency in the world?
The Iranian Rial is known as the world's least valuable currency. This began in 1979 following the Islamic Revolution, a time when numerous businesses abandoned Iran due to political instability. This situation worsened with the Iran-Iraq War and economic sanctions imposed due to Iran's nuclear activities.
The dollar has been the world's principal reserve currency since the end of World War II and is the most widely used currency for international trade. High global demand for dollars allows the United States to borrow money at a lower cost and use currency as a tool of diplomacy, but that comes with drawbacks.
1 USD = 17.08016 MXN Apr 25, 2024 01:56 UTC
The currency converter below is easy to use and the currency rates are updated frequently.
Online firms such as Revolut may offer a better exchange rate. Along with low-cost providers Monzo, Starling Bank and others, Revolut holders can expect fee-free cash withdrawals (usually subject to a monthly limit).
Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency. You may be able to order currency at a branch location, by phone, or online to have it delivered to you or to pick up at a branch.
Generally, local banks or credit unions offer the best rates for currency exchange. Additionally, major banks typically have a number of overseas ATMs available for use, meaning they are an easily accessible option for travelers.
The Omani Rial, which is tied to the US dollar, is the third most valuable currency in the world.
1 USD = 873.2622 ARS Apr 25, 2024 07:36 UTC
Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.
Historically, the United States Dollar reached an all time high of 164.72 in February of 1985.
How much is $100 US in euros?
| USD | EUR |
|---|---|
| 25 USD | 23.34 EUR |
| 50 USD | 46.69 EUR |
| 100 USD | 93.39 EUR |
| 500 USD | 466.97 EUR |
How much is 100 USD in Nigerian Naira. The exchange value of 100 USD in Nigerian Naira is 141857.021 NGN as on Mar 28.
1 USD = 5.1472 BRL Apr 25, 2024 07:41 UTC
The currency converter below is easy to use and the currency rates are updated frequently.
The exchange rate gives the relative value of one currency against another currency. An exchange rate GBP/USD of two, for example, indicates that one pound will buy two U.S. dollars. The U.S. dollar is the most commonly used reference currency, which means other currencies are usually quoted against the U.S. dollar.
Iranian Rial (IRR)
The Iranian rial is the weakest currency in the world, with 1 rial buying a mere 0.000024 dollar (or, put another way, $1 equals 42,300 Iranian rials).
