The New Zealand dollar is the official currency of New Zealand, as well as all its island territories and the Ross Dependency. Since joining the EU in 2007, Bulgaria is aiming to adopt the Euro as their official currency by 2025. The Bulgarian lev was introduced as Bulgaria’s currency in 1881 with a value equal to the French franc. When the dollar was introduced, the name ‘dollar’ was picked over pound as it more closely represented the value of the US dollar. The Fijian dollar has been in circulation since 1967, and was also briefly the currency for the country from 1867 to 1873, until it was replaced by the Fijian pound. In 1993, the inflation rate hit almost 2,500%, and the real was introduced to stabilise the economy. The Brazilian real has been the central currency since 1994, which it finally settled on after changing currency eight times since 1942. This doesn’t necessarily make one country richer than another, but the strength of a currency does often correlate with a country’s GDP and stability.Ī difference in exchange rates can have a large impact on international businesses, so if you are trading abroad, it’s important to check the value of the country’s currency, as well as their economic stability.Īs of 2023, here is a list of the top 20 strongest currencies in the world.
Certain currencies are more valuable than others – some significantly more so. According to the UN, there are 180 currencies in circulation in the world.
