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Which currencies are the strongest in the world?
377 sats \ 9 comments \ @suraz 29 Oct charts_and_numbers
Top 10 highest-valued currencies in the world in 2024
Exploring the world of currencies has revealed a fascinating landscape where financial power and economic stability reign supreme. From the Kuwaiti Dinar's commanding position as the highest-valued currency to the resilience of the Swiss Franc and the global dominance of the US Dollar, each currency on the list holds a unique story of strength and influence.
Factors such as economic growth, political stability, natural resources, and global demand play crucial roles in determining a currency's value and ranking. The diverse range of currencies showcased in this list highlights the global economic interconnectivity and the significance of international trade.
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31 sats \ 1 reply \ @037447d9ca 29 Oct
Interestingly some ppl confuse market cap with the value of a single unit of account. Happens in shitcoins too.
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0 sats \ 0 replies \ @SwearyDoctor 29 Oct
yeah, this really has no informational value unless we know what the supply is, or in the case of national currencies, what their purchase value is in the national economy. Otherwise this is just a convention. When a country that went through hyperinflation a few years back cuts six 0's from their currency, this changes absolutely nothing in its actual value, it just saves them some ink on printing bills.
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21 sats \ 1 reply \ @flat24 29 Oct
What does "Value in Rs" mean that the image shows
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0 sats \ 0 replies \ @suraz OP 29 Oct
That's Indian Rupees.
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21 sats \ 0 replies \ @kristapsk 29 Oct
Before joining eurozone, 1 Latvian lat (LVL) was worth 1.59 USD. But initially it was even ~2 USD.
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21 sats \ 0 replies \ @Msd0457890 29 Oct
I totally agree with you, there are currencies and economies that have strengthened their value and others like the United States that have caused the dollar to lose its hegemony.
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21 sats \ 2 replies \ @denlillaapan 29 Oct
Don't think I follow, what do you mean "highest-valued"?
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0 sats \ 1 reply \ @suraz OP 29 Oct
Highest value depends on its exchange rate against other currencies. Like 1 KWD valued about 3.2 USD which is highest value globally.
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0 sats \ 0 replies \ @denlillaapan 29 Oct
You realize those numbers are completely meaningless, right?
Nominal vs real, that shit doesn't matter
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