2006-09-11 12:04:56 · 27 answers · asked by Martin46 1 in Social Science ➔ Economics
Every answer to this question previous to mine is dead wrong!
All currencies are equally "strong," in the sense of their purchasing power. You could buy a Ferrari, say, with US dollars, pounds sterling, or even Mexican pesos.
The only question is how many of those pieces of paper are you gonna need to get the Ferrari. In the case of the Mexican peso, a lot. In the case of pound sterling, not so many.
So what you should really be asking--since all currencies can buy stuff--is . . . "what is the LEAST INFLATED currency in the world?"
And I can give you three answers to that, in order of their strength:
1. The Kuwaiti dinar
2. The Maltese lira
3. The Bahraini dinar
That is to say, you could buy a Ferrari with much fewer pieces of Kuwaiti paper than you could with piece of American paper . . . but the Ferrari motor company will assuredly accept both!
Also note that there is no necessary connection between an uninflated currency and the economic strength of a country (i.e., a lot of people might guess the answer to this question to be something like Luxembourg's or Monaco's).
2006-09-11 16:34:55 · answer #1 · answered by Zowzooma, the Angry Deity 2 · 9⤊ 3⤋
What Is The Strongest Currency
2016-10-04 22:30:53 · answer #2 · answered by ? 4 · 0⤊ 0⤋
At the moment it's Sterling. Dollar and Euro both weaker. However, this can change. You need to keep your eye on the currencies of what's going up and down.
2006-09-11 12:15:59 · answer #3 · answered by little_jo_uk 4 · 4⤊ 5⤋
British Sterling Pound.
2006-09-11 13:39:30 · answer #4 · answered by Pablo 6 · 4⤊ 6⤋
Pound Sterling and Japanese Yen are the strongest global currencies.
2006-09-11 13:00:01 · answer #5 · answered by Robert Abuse 7 · 5⤊ 8⤋
The most vaulable is the pound Sterling. The most durable seems to be the Euro.
2006-09-11 12:10:40 · answer #6 · answered by kentata 6 · 4⤊ 6⤋
OIL by far and away paper money is just for keeping records , all countries depend on what oil they have available to keep their currency strong
2006-09-11 12:15:16 · answer #7 · answered by Anonymous · 1⤊ 8⤋
On the lighter side, the new plastic notes, you can`t tear them.
2006-09-11 12:31:27 · answer #8 · answered by Spanner 6 · 3⤊ 4⤋
kkkkkk
2015-03-07 23:10:51 · answer #9 · answered by Anabela 1 · 1⤊ 0⤋
The Pound (UK) and the Yen (Japan). Just check out Yahoo's finance page and take a look at the exchange rates. Sorry to those who think the US Dollar is strongest, but it hasn't been for a few years now.
2006-09-11 12:20:40 · answer #10 · answered by Iknowsomestuff 4 · 3⤊ 11⤋