A forex trader always keeps an eye on the ups and downs of different currencies. He tries to get information about the strongest currencies trade in the world because this is a part of his business. The forex markets are the places where the businessmen and currency exchangers meet together for the purpose of doing business. Here are the top 10 strongest currencies trade in the world.
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10. Swiss Franc:
Swiss Franc is said to have served as an important currency in World War II. It is still one of the powerful and strongest currencies in foreign trade system. Until 2003, this currency was exchangeable with gold but now the situation has been changed.
9. Hong Kong Dollar:
Hong Kong Dollar is another powerful currency in the world. It is mostly used in international traffic of ships. The dollar is convertible into different currencies and sees various fluctuations.
8. Corona Norway:
CoronaNorway became a famous and one of the strongest currencies trade in the world due to Norway’s prominent role as the oil and gas exporter in the world. This currency was introduced in 1870s and is now ranked high.
Aussie (Australian Dollar) gained popularity due to strong financial and economical situation of Australia in international markets. This currency is proudly exchanged by the traders with dollar and euro.
6. Swedish Crown:
Swedish Crown is a significant and one of the major coins. It gained popularity since the time when Sweden became one of the major producers of steel and palladium in the world.
5. Canadian Dollar:
The Canadian dollar is widely exchanged and sold every day in international markets. This currency sees fluctuations in its exchanges rates, but normally equals to USD1= USD1 Canadian.
Sterling got worldwide fame during 19th century. It is now a powerful and highly appreciable currency in the world. The traders widely use sterling for making purchases from international markets.
The euro is traded at international level to much extent. It is exchangeable into US dollar and is sold at higher price. Although euro has seen various crisis, but the repute and power of this currency never declined.
2. Japanese Yen:
The Japanese yen is a powerful currency of Asian countries. It is usually used in North Korea, Vietnam, Laos and Cambodia. Japanese yen got high rank since the time Japan became a prominent electronic manufacturing country.
1. US Dollar:
The US dollar is, no doubt, the most powerful and widely used currency of the era. It is exchangeable with all the currencies in the world. The powerful and strong economy of America made this currency the strongest of all. Even when we work abroad or at online marketplaces, the clients always offer their amounts in US dollars. This make us believe that USD has been the most prominent and highly ranked currency of the time. It seems that it will have no alternate at all in near future because the economical and financial power of USA is unbeatable by any other country in the world.
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