Most valuable currencies in the world: U.S. Dollar is Missing

10. Switzerland franc (1 Franc = 1.12 USD)

Switzerland: A federated country of central Europe has a stable, prosperous and high- tech economy. In 2011, it was ranked as being the wealthiest country in the world in per capital terms (with 'wealth' being defined to include both financial and non-financial assets). It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity. It is the twentieth largest exporter, despite its size. Switzerland has the highest European rating in the Index of Economic Freedom 2010, while also providing large coverage through public services.

9. Cayman Islands Dollar (1 KYD = 1.22 USD)

Cayman Island: British colony in the Caribbean Sea, comprising the islands of Grand Cayman, Little Cayman, and Cayman Brac, situated about 180 miles (290 kilometres) northwest of Jamaica. With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. One Cayman Islands Dollar equals $1.22 US. The earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in 1972. On the islands, the US dollar is accepted as legal currency.

8. Azerbaijan Manat (1 Manat = 1.28 USD)

After gaining independence in 1991 from the former soviet state, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank. The banking system of Azerbaijan consists of the Central Bank of Azerbaijan, commercial banks and non-banking credit organizations. Its large oil reserve also did add value.

7. European Euro (1 EUR = 1.37 USD)

The Euro is the second largest reserve currency as well as the most traded currency in the world after the USD. It was officially introduced in 1999; the multinational Euro didn’t begin changing hands until January 2001. After a rocky start, the Euro has gained on the dollar for years. The currency is the official currency of Eurozone that comprises of 17 countries. Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain.

6.  Jordanian Dinar (1 JOD =1.41 USD)

Jordan: An Arab country of Southwest Asia, in the rocky desert of the northern Arabian Peninsula. From 1927 to 1950, the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia. When Jordan became independent in 1946, the country wanted its own currency and Jordanian dinar became the kingdom’s official currency.

5. UK Pound Sterling (1 GBP = 1.64 USD)

United Kingdom: island country located off the northwestern coast of mainland Europe. The United Kingdom comprises the whole of the island of Great Britain—which contains England, Wales, and Scotland-as well as the northern portion of the island of Ireland. Pound Sterling is the fourth most traded currency in the foreign exchange market, after the US dollar, the euro and the Japanese yen.

4. Latvian Lats (1 LVL= 1.97 USD)

One Lats is currently worth $1.97 US. Latvia: country of northeastern Europe, one of the Baltic States, has entered the process to phase out the Lat in favor of the Euro, which is expected to be the official currency around 2012.

3. Omani Rial (1 OMR = 2.60 USD)

Oman: a country occupying the southeastern coast of the Arabian Peninsula at the confluence of the Persian Gulf and Arabian Sea. It has a strategically important position at the mouth of the Persian Gulf. It has had its currency exchange rate pegged to the dollar at a rate of 1 OMR = $2.60 US since 1986. With that pegged relationship holding firm, seems as though the Rial’s fate remains tied to the fate of the dollar.

2. Bahrain Dinar (1 BHD= 2.65 USD)

Bahrain industry relies on petroleum production and refining, as well as financial services and construction. With an exchange rate to the US dollar at around $2.65 for one Bahraini Dinar, it’s the second most valuable currency in the world.

1. Kuwaiti Dinar (1 KWD= 3.54 USD)

Kuwait being situated in one of the driest areas on the surface of the earth, never ceases to amaze admirers why it has the world’s most valuable currency, but, we fail to realize that they have nearly one-tenth of the World’s proven oil reserves. The Kuwait currency is currently pegged to the dollar.

Current list dated 11th February, 2014.