Who has the highest exchange rate for USD?

Strongest Currencies Against the US Dollar

As of November 19, 2024, several currencies stand out as the strongest against the US dollar (USD) based on their exchange rates:

1. Kuwaiti Dinar (KWD)
The Kuwaiti dinar is the highest-valued currency globally, boasting an exchange rate of approximately 0.30 USD. This exceptional strength stems from Kuwait’s substantial oil reserves and prudent economic management.

2. Bahraini Dinar (BHD)
Closely following the Kuwaiti dinar is the Bahraini dinar, pegged to the USD at a fixed rate of 1 BHD to 2.65 USD. This currency’s stability and high value make it highly sought after by investors and businesses.

3. Omani Rial (OMR)
The Omani rial ranks as another strong currency against the USD, with an exchange rate of roughly 0.45 USD. Oman’s robust economy, driven by oil and gas exports, contributes to the rial’s value.

4. Jordanian Dinar (JOD)
The Jordanian dinar is also among the top contenders, maintaining an exchange rate of approximately 0.71 USD. Jordan’s stable political environment and its close economic ties with neighboring countries have supported the currency’s strength.

5. British Pound (GBP)
Completing the list of strongest currencies is the British pound, with an exchange rate of around 1.42 USD. The pound’s value is bolstered by the United Kingdom’s strong economy, which is diversified across multiple sectors.

It’s important to note that currency exchange rates are subject to fluctuations based on factors such as economic conditions, interest rates, and geopolitical events. The strength of these currencies against the USD can vary over time.