Country rankings

Which Currency is the Most Valuable?

Iran has the highest Rate for 1 Dollar in 2023 (42.3K), followed by Vietnam (23.7K) and Laos (19.2K). Kuwait has the lowest (0.307).

Economics131 countries · 2 metricsUpdated Aug 7, 2023Original page
1 source
Rate for 1 DollarBetter directionWhether a higher or a lower value is better. A green arrow means higher is better, a red arrow means lower is better, and no arrow means neither.More in the glossary →
Year 2023131 of 235 countries
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Rate for 1 Dollar, 2023

Darker means higher. Click a place to highlight it.

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Ranking

Highest first: the first 15 and last 5 of 131 countries.

Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →

Each dot is one country; the lines mark the median and the middle half.

Median
17.63
Middle half 1.3 – 181.9
Average
1,281
131 countries
Highest
42.3K
Iran
Lowest
0.307
Kuwait

Data

Click a column to sort, a row to highlight that place on the charts.

131 countries · # = rank by Rate for 1 Dollar
#
1Iran42.3KIranian Rial
2Vietnam23.7KVietnamese Dong
3Laos19.2KLaotian Kip
4Lebanon15.1KLebanese Lira
5Indonesia15.1KIndonesian Rupiah
6Guinea8,650Guinean Franc
7Paraguay7,256Paraguayan Guarani
8Madagascar4,491Malagasy Ariary
9Cambodia4,112Cambodian Riel
10Colombia3,941Colombian Peso
11Uganda3,601Ugandan Shilling
12Burundi2,820Burundian Franc
13Tanzania2,450Tanzanian Shilling
14Myanmar2,092Myanmar Kyat
15South Korea1,273South Korean Won
16Rwanda1,192Rwandan Franc
17Malawi1,050Malawian Kwacha
18Chile827.3Chilean Peso
19Nigeria775.8Nigerian Naira
20Sudan601.5Sudanese pound
21Cameroon595.4Central African CFA Franc
22Somalia567.3Somali Shilling
23Costa Rica538.1Costa Rican Colon
24Comoros447.2Comorian Franc
25Kazakhstan445.0Kazakhstani Tenge
26Armenia394.9Armenian Dram
27Hungary348.9Hungarian Forint
28Sri Lanka329.6Sri Lankan Rupee
29Pakistan285.3Pakistani Rupee
30Argentina273.2Argentine Peso
31Yemen250.3Yemeni Rial
32Guyana208.6Guyana-Dollar
33Liberia186.0Liberian Dollar
34Djibouti177.8Djiboutian Franc
35Jamaica153.9Jamaican Dollar
36Kenya141.6Kenyan Shilling
37Japan141.2Japanese Yen
38Haiti137.6Haitian Gourde
39Algeria135.8Algerian Dinar
40Iceland131.5Icelandic Króna
41Nepal131.0Nepalese Rupee
42Cape Verde99.91Cape Verdean Escudo
43Albania95.86Albanian Lek
44Russia92.06Russian Ruble
45Afghanistan86.66Afghani
46India82.27Indian Rupee
47Gambia59.7Gambian Dalasi
48Dominican Republic55.91Dominican Peso
49Ethiopia55.87Ethiopian Birr
50North Macedonia55.83Macedonian Denar
51Philippines54.92Philippine Peso
52Mauritius45.8Mauritian Rupee
53Suriname38.43Suriname Dollar
54Uruguay37.55Uruguayan Peso
55Nicaragua37.11Nicaraguan Córdoba
56Ukraine36.79Ukrainian Hryvnia
57Thailand34.18Thai Baht
58Taiwan31.33New Taiwan Dollar
59Egypt30.85Egyptian Pound
60Turkey26.93Turkish New Lira
61Honduras24.96Honduran Lempira
62Cuba23.91Cuban Peso
63Czechia21.77Czech Koruna
64Zambia18.5Zambian Kwacha
65South Africa17.63South African Rand
66Lesotho17.63Lesotho Loti
67Namibia17.62Namibian Dollar
68Mexico16.69Mexican Peso
69Maldives15.34Maldivian Rufiyaa
70Seychelles13.55Seychellois Rupee
71Sweden10.55Swedish Krona
72Norway10.2Norwegian Krone
73Morocco9.7Moroccan Dirham
74El Salvador8.72Salvadoran Colón
75Solomon Islands8.36Solomon Islands Dollar
76Guatemala7.82Guatemalan Quetzal
77Hong Kong7.8Hong Kong Dollar
78China7.16Chinese Yuan
79Bolivia6.88Bolivian Boliviano
80Trinidad and Tobago6.77Trinidad & Tobago Dollar
81Denmark6.76Danish Krone
82Libya4.84Libyan Dinar
83Brazil4.72Brazilian Real
84Malaysia4.55Malaysian Ringgit
85Poland4.01Polish Zloty
86Saudi Arabia3.75Saudi Riyal
87Israel3.7Israeli New Shekel
88United Arab Emirates3.67UAE Dirham
89Qatar3.63Qatari Riyal
90Peru3.59Peruvian Sol
91Turkmenistan3.5Turkmenistani Manat
92Tonga2.36Tongan Paʻanga
93Belize2.01Belize Dollar
94Bulgaria1.77Bulgarian Lev
95New Zealand1.62New Zealand Dollar
96Australia1.5Australian Dollar
97Brunei1.33Brunei Dollar
98Singapore1.33Singapore Dollar
99Canada1.33Canadian Dollar
100United States1US Dollar
100Bermuda1Bermuda Dollar
102Bahamas0.996Bahama-Dollar
103Panama0.996Panamanian Balboa
104Germany0.908Euro
104France0.908Euro
104Italy0.908Euro
104Spain0.908Euro
104Netherlands0.908Euro
104Belgium0.908Euro
104Portugal0.908Euro
104Greece0.908Euro
104Austria0.908Euro
104Finland0.908Euro
104Slovakia0.908Euro
104Ireland0.908Euro
104Croatia0.908Euro
104Lithuania0.908Euro
104Slovenia0.908Euro
104Latvia0.908Euro
104Cyprus0.908Euro
104Estonia0.908Euro
104Luxembourg0.908Euro
104Montenegro0.908Euro
104Malta0.908Euro
125Switzerland0.87Swiss Franc
126Cayman Islands0.83Cayman Islands Dollar
127United Kingdom0.779British Pound
128Jordan0.708Jordanian Dinar
129Oman0.385Omani Rial
130Bahrain0.377Bahraini Dinar
131Kuwait0.307Kuwaiti Dinar

What correlates with Rate for 1 Dollar (2023)?

Pearson r against 1,548 other country metrics sharing at least 79 countries. Ranks are read by standing: a better rank counts as higher, whether rank 1 is the best place on a list or the worst. Correlation is not causation.

Higher together

Places that have a higher Rate for 1 Dollar tend to score higher on these (or rank better)

  1. Purchasing Power ParityPurchasing Power Parity by Country
    r = +0.80 · very strong · n = 121
    Plot
  2. Exchange Rate (1 USD = X)US Dollar Exchange Rate by Country
    r = +0.79 · very strong · n = 130
    Plot
  3. Export Growth 2022-2023Computer Exports by Country
    r = +0.67 · strong · n = 80
    Plot
  4. % of Global Shia Pop. (Median)Shia Population by Country
    r = +0.66 · strong · n = 122
    Plot
  5. Inflation RateInflation Rate by Country
    r = +0.54 · strong · n = 108
    Plot
  6. Previous Value (in Local Currency)Minimum Wage by Country
    r = +0.50 · strong · n = 81
    Plot

Opposite directions

Places that have a higher Rate for 1 Dollar tend to score lower on these (or rank worse)

  1. Vacc. Rate ROTACVaccination Rates by Country
    r = −0.46 · moderate · n = 85
    Plot
  2. Year AnalyzedEffective Number of Parties by Country
    r = −0.45 · moderate · n = 104
    Plot
  3. US News RankingMost Feminist CountriesA rank: rank 1 is the best
    r = −0.35 · moderate · n = 79
    Plot
  4. World Order Rank GCI v1.6Good Country Index by CountryA rank: rank 1 is the best
    r = −0.31 · moderate · n = 120
    Plot
  5. Human Freedom IndexFreedom Index by Country
    r = −0.31 · moderate · n = 123
    Plot
  6. EFW Score (Fraser)Capitalist Countries
    r = −0.31 · moderate · n = 121
    Plot

Quick answers

Which country has the highest Rate for 1 Dollar?
Iran has the highest Rate for 1 Dollar in 2023, at 42.3K, followed by Vietnam (23.7K) and Laos (19.2K).
Which country has the lowest Rate for 1 Dollar?
Kuwait has the lowest Rate for 1 Dollar in 2023, at 0.307.
What is the median Rate for 1 Dollar across countries?
The median is 17.63 across the 131 countries with data in 2023.
Where does this which currency is the most valuable? data come from?
Rankodex compiles it from World Population Review and the primary sources it cites: Currencies - Markets Insider.

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