10 most popular currencies of the world | Centrum Forex

10 Most popular currencies of the world which have the highest exchange rate against Indian Rupee International travel is very popular amongst Indians across all age groups. Studies indicate that the number of Indians travelling abroad has gone up 2.5 times in a decade. Other than popular destinations such as the Far East, Dubai, US, Europe, UK and Australia, Indian travellers are also showing interest in new, relatively unexplored destinations such as Belize, Brazil, Croatia, Corsica (France), Genoa (Italy), Slovenia, Iceland and Bora Bora (French Polynesia).

International holidays bring to mind luxury resorts, exotic food, mind blowing scenery, museums, monuments, shopping arcades and of course, foreign currency.

This list of 10 most popular currencies which have the highest exchange rate against the India Rupee would come in handy for globetrotting Indians:



1. British Pound (GBP)
One British Pound is equivalent to 83.23 Indian Rupees.

The United Kingdom or UK is an island nation located in north-western Europe, and comprises of four separate countries, namely, England, Scotland, Wales and Northern Ireland. The British pound, represented as GBP, is the currency of The United Kingdom. It is the fourth most traded currency and the third most held reserve currency in the world. The British Pound is the oldest currency still in use today and currently stands fifth in the list of top 10 currencies of the world.

2. Euro (EUR)
One Euro is equivalent to 72.45 Indian Rupees.

The Euro, represented as EUR, is the common currency and sole legal tender for 19 of the 28 European Union (EU) member states. On 1 January 1999, the Euro replaced the former European Currency Unit and was introduced to world financial markets as an accounting currency for the Eurozone, a monetary union of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. A number of overseas territories of EU members who are outside of Europe also use the euro as their currency. The Euro stands sixth in the list of top 10 currencies of the world.


3. Swiss Franc (CHF)
One Swiss Franc is equivalent to 66.70 Indian Rupees.

Switzerland is a mountainous, landlocked country in Central Europe. The Swiss Franc, represented as CHF, is the currency of Switzerland, officially known as the Swiss Confederation. Often used as a global reserve currency, the Swiss Franc is the sixth most traded currency in the world. The Swiss franc is also the national currency of Liechtenstein, a neighbouring country, who participates in customs and monetary union with Switzerland. The Swiss Franc stands seventh in the list of top 10 currencies of the world.


4. US Dollar (USD)
One US Dollar is equivalent to 64.38 Indian Rupees.

The United States of America (USA), also known as the United States (U.S.) or America, is a constitutional federal republic composed of 50 states, which is located in North America. The US Dollar, represented as USD, is the currency of United States. Though not an official currency, the US Dollar is also accepted as an alternative form of payment in Ecuador, East Timor, El Salvador, Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos, British Virgin Islands, Pitcairn Islands and Zimbabwe. The world's foremost reserve currency, the US Dollar stands eighth in the list of top 10 currencies of the world.


5. Australian Dollar (AUD)
One Australian Dollar is equivalent to 48.17 Indian Rupees.

Australia, which is commonly known as the Commonwealth of Australia, is both a country and a continent in the Southern Hemisphere, comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. The Australian dollar, represented as AUD, is the national currency of Australia and is also used in the Christmas Island, Cocos (Keeling) Islands, Norfolk Island, and the Independent Pacific Island states of Kiribati, Nauru and Tuvalu. It is the 5th most traded currency in the world, and stands ninth in the list of top 10 currencies of the world.


6. Canadian Dollar (CAD)
One Canadian Dollar is equivalent to 47.76 Indian Rupees.

Canada is a country which occupies the northern part of North America. The Canadian Dollar, represented as CAD, is the currency of Canada. The Canadian dollar is the seventh-most traded currency in the Forex market, accounts for over 4 per cent of all transaction in the Forex markets and stands tenth in the list of top 10 currencies of the world.


7. Singapore Dollar (SGD)
One Singapore Dollar is equivalent to 46.66 Indian Rupees.

Singapore, also known as the Lion City, the Garden City or Little Red Dot, is a small island country off southern Malaysia, in Southeast Asia. The Singapore Dollar, represented as SGD, is the currency of Singapore. The first banknote series of the Singapore Dollar was issued in 1967. It is presently the twelfth most traded currency in the world by value. The Singapore dollar is also accepted as "customary tender" in Brunei, a tiny nation on the island of Borneo.

8. New Zealand Dollar (NZD)
One New Zealand dollar is equivalent to 46.56 Indian Rupees.

New Zealand is an island nation in the southwestern Pacific Ocean, around 1,500 kilometres east of Australia. It consists of 2 main islands,—the North Island and the South Island—and around 600 smaller islands. The New Zealand Dollar, represented as NZD, is the currency of New Zealand, as well as the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Introduced in 1967, the New Zealand Dollar is consistently one of the 10 most-traded currencies in the world.


9. United Arab Emirates Dirham (AED)
One Emirati Dirham is equivalent to 17.51 Indian Rupees.

The United Arab Emirates, also known as the Emirates or UAE, is a federal absolute monarchy, settled mainly along the Persian (Arabian) Gulf. Established on 2 December 1971, the country is a federation of 7 emirates (countries), namely, Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. The Emirati Dirham, represented as AED, is the currency of United Arab Emirates, which is one of the Middle East's most important economic centres. The UAE did not have a single currency unit until the UAE were united (1971) and together with the unification came a nationalized and unilaterally accepted currency in 1973.

10. Thai Baht (THB)
One Thai Baht is equivalent to 1.90 Indian Rupees.

Located at the centre of the Indochinese peninsula, Thailand, officially known as the Kingdom of Thailand, is a Southeast Asian country. Formerly known as Siam, Thailand is a magnet for travellers owing to its varied food, tropical climate, captivating culture and great beaches. The Thai Baht, represented as THB, is the currency of Thailand. The Thai Baht is used unofficially in Laos, Cambodia, and Myanmar.

Since most of these currencies are easily available in India, it’s a good idea to buy forex before you leave for your trip. You can also exchange your Indian Rupees for the regional currency after you get there. A prepaid forex travel card is also an option. Centrum Forex is a trustworthy solution for your forex and currency exchange requirement.


By: Asad Jamal

Article Directory: http://www.articledirectoryusa.com

Source: http://www.articledirectoryusa.com/article/category/business/customer-service/10-most-popular-currencies-of-the-world-centrum-forex/

Submitted On Jun 19, 2017. Viewed 40 times.

https://www.centrumforex.com/blog/10%20most%20popular%20currencies%20of%20the%20world%20%7c%20Centrum%20Forex/5943bdb9aa756d0fa4c88b4e

blog comments powered by Disqus