Since 2017 is almost at the end, let’s see what 10 most expensive currencies in the world in 2017 were and try assuming what the next year would bring to us.
Not just that each country in the world wants to be unique by having its own language but currencies are also different from country to country. A man would say that after the European Union launched the EURO, the currency that is usable in each of these countries, including other countries in Europe, the rest of the world would do the same. That would really make everyone’s life a lot easier, but no. Governments decided to complicate it even more.
But what the higher/lower currency means for the citizens and which one is more suitable for citizens of one nation? As a matter affect, the higher the currency is, the better. For example, EURO is more expensive than a dollar. This means that people from the countries where the EURO is the official currency are in a better financial situation than the ones that use the dollar, even though the difference is not that high (1 dollar is 0.855301 EUR). The difference is only in the salary.
So, for example, if a person from, let’s say Germany, decides to travel to some other country with 100 EUR in their pockets, accompanied by some person from Texas that would bring $100 along, the German person would have a bit more to spend.
But, as I said, the difference between dollar and euro isn’t that big. But what would happen if we would compare a dollar and Japanese Yen? According to the XE Currency, that is official website when you can find all currencies in the world as well as compare them, 1 American dollar is worth 113.781 JPY. Basically, someone having 100 JPY on their credit card couldn’t buy even a cup of coffee in an average coffee shop, right?
According to all of the statistics, the most stable currency in the world is EUR, primarily because it is used in the countries of the European Union, which is why the value can’t be that drastically changed from time to time because it would crash the whole economy. The real situation is that the wider usage of EUR has actually made the European economy stronger than ever.
And yes, EUR is one of the 10 most expensive currencies in the world in 2017! And which are the rest of them? Click on 10 most expensive currencies in the world in 2017 by Insider Monkey and find out.