So reports toptenstips.com in edited excerpts from the original article* entitled Trade In World’s Top 10 Strongest Currencies.
[The following is presented by Lorimer Wilson, editor of www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
The article goes on to say in further edited excerpts:
A currency is known as the official money that a country will operate with. To best judge which are the strongest currencies we should look at the FOREX Market (Foreign Exchange Market) to see which currency affords the most interest.
#10: Norwegian Krone – 1.5%
Recent years has seen a boom in the need for crude oil and it is this that keeps this currency strong to the point where it is gaining ground, even on the Euro and US Dollar.
#9: Hong Kong Dollar – 2%
Hong Kong sees a lot of international trading with Southern China and this keeps its Dollar strong.
#8: Swedish Krone – 2%
Sweden has one of the most stable economies in the world and so it is hardly surprising that their currency should attract some interest.
#7: Canadian Dollar – 4%
The strength of the Canadian Dollar is very much linked to the commodities markets such as precious metals, mineral and crude oil; it is therefore often the choice as currency of trade in these areas.
#6: Australian Dollar – 4%
On floating its value in 2011 and gaining exchange power, the Australian currency has become popular among currency exchangers.
#5: Swiss Franc – 6%
Switzerland is considered a safe haven for money and, as its value often increases when others decline, it is often sought after.
#4: British Pound – 17%
The Pound is often liked because of its high value in comparison to other currencies.
#3: Japanese Yen – 20%
The Japanese Yen is a popular currency for use in international trading.
#2: Euro – 37%
The Euro is the largest currency in circulation…[It] is not only used in Europe but also by 150 million people in Africa.
#1: U.S. Dollar – 90%
Even through the global economic troubles, the US Dollar remained the currency of choice by many and several countries still use it as there official currency.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
The term ‘safe fiat currency’ is as intellectually disingenuous as terms like ‘fair tax’ or ‘government innovation’ but, as we’ve been exploring recently why modern central banking is completely dysfunctional, it does beg the question– is any currency ‘safe’? Let’s look at the numbers for some data-driven analysis. Words: 575 Read More »
Today’s monetary system, combined with fractional reserve banking, has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few, yet those risks remain invisible to the majority of people. This article provides links to a video and an extended report that provide insights into the question as to why today’s paper based money system is doomed to fail and how you can protect against such a collapse. Read More »
Merk Investments has ranked the attractiveness of the currencies of each G10 country based on the monetary and fiscal policies of each country and the strength of each country’s economy to come up with what they call the Merk Currency Score. This Score should prove invaluable in supporting investment decision-making across countries and regions. Go here to see where your country ranks. Words: 367 Read More »
Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story. Read More »
Paper money was first used by the Chinese during the Tang Dynasty in 806 AD–500 years before Europe began printing money in the 17th century. It would be another 100 years before America started circulating a national paper currency…. How familiar are you with banknotes from around the world? Read More »
The post Where Does Your Country’s Currency Rank? (+9K Views) appeared first on munKNEE.com.
Source: munknee.comFollow us: