Most Valuable Currencies 1990-2020
In an economy, currency fluctuations are an typical outcome of the floating exchange rate system, which is the standard for most major economies. This video compares the exchange rate of the most traded currencies by value currently in use as of April 2020. Their value is determined against the United States Dollar USD ($).
A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially for people in a nation. Under this definition, U.S. dollars (US$), euros (€), Japanese yen (¥), and pounds sterling (£) are examples of currencies. These various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance. (Wikipedia)
Note: The most valuable currency is Bahraini dinar (BHD) trading for approximately $2.65 per unit at the time of the creation of this video. Currencies like this as well as the Kuwaiti Dinar (KWD), Omani Rial (OMR) etc, were not used as they're not included 35 most traded currencies by value.
Source: Investing.com, historical data
Most traded currencies by value source [1]: https://en.wikipedia.org/wiki/Templat...
Currencies used:
United States dollar USD (US$)
Euro EUR (€)
Japanese yen JPY (¥)
Pound sterling GBP (£)
Australian dollar AUD (A$)
Canadian dollar CAD (C$)
Swiss franc CHF (CHF)
Renminbi (Chinese Yuan) CNY (元)
Hong Kong dollar HKD (HK$)
New Zealand dollar NZD (NZ$)
Swedish krona SEK (kr)
South Korean won KRW (₩)
Singapore dollar SGD (S$)
Norwegian krone NOK (kr)
Mexican pesoMXN ($)
Indian rupee INR (₹)
Russian ruble RUB (₽)
South African rand ZAR (R)
Turkish lira TRY (₺)
Brazilian real BRL (R$)
New Taiwan dollar TWD (NT$)
Danish krone DKK (kr)
Polish złoty PLN (zł)
Thai baht THB (฿)
Indonesian rupiah IDR (Rp)
Hungarian forint HUF (Ft)
Czech koruna CZK (Kč)
Israeli new shekel ILS (₪)
Chilean peso CLP (CLP$)
Philippine peso PHP (₱)
UAE dirham AED (د.إ)
Colombian peso COP (COL$)
Saudi riyal SAR (﷼)
Malaysian ringgit MYR (RM)
Romanian leu RON (L)
If you liked this video then definitely Subscribe here to the channel:
/ @drdata-wn9qq
And check our previous video: • Coronavirus Deaths In The United States 20...
________________________________________
Welcome to the Dr. Data YouTube Channel!
This channel will show interesting videos featuring maps, timelapses, and visualized data.
So, if you are a Fan of Statistics from all around the world in a nice, visual way than Dr. Data is the Channel for you!
________________________________________
#DrData #Economy #Comparison