Highest valued currency unit

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The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good. Most commonly the calculation is made against a major reserve currency such as the euro (EUR), the pound sterling (GBP) or the United States dollar (USD).

Contents 1 List of highest valued currency units 1.1 Mathematical details 1.2 Luigino 2 See also

[edit] List of highest valued currency units

As of January 2007^[1], there were twenty-three currencies for which 1 currency unit was worth at least as much as 1 US dollar:

No.	State	Currency	Code	Value in Euro	Value in US dollars	Value in Kuwaiti dinars	Highest valued coin	Highest valued banknote
1.	Kuwait	dinar	KWD	2.67 836 [2]	3.45 923	1	.100	20
2.	Malta	lira	MTL	2.32 937 [3] [4]	3.00 850	0.869 703	1	20
3.	Bahrain	dinar	BHD	2.05 921 [2]	2.65 957 [4]	0.768 834	.500	20
4.	Oman	rial	OMR	2.01 370 [2]	2.60 080 [4]	0.751 844	.050	50
5.	Cyprus	pound	CYP	1.75 172 [3]	2.26 244	0.654 031	.50	20
6.	United Kingdom	pound [5]	GBP	1.51 782	1.96 034	0.56 670	5 (mostly commemorative) 2 (common)	50 (Eng & Wal) 100 (Sco & NI)
	Falkland Islands	pound [4]	FKP				2	50
	Gibraltar	pound [4]	GIP				2	50
	Guernsey	pound [4]	GGP [6]				2	50
	Jersey	pound [4]	JEP [6]				2 (rarely used) .50 (common)	50
	Isle of Man	pound [4]	IMP [6]				2	50
	Saint Helena	pound [4]	SHP				2	20
7.	Latvia	lats	LVL	1.42 287 [3] [4]	1.83 771	0.531 248	2	500
	IMF	Special Drawing Rights	XDR	1.14 866	1.48 355	0.428 868
8.	Jordan	dinar	JOD	1.09 205	1.41 044 [4]	0.407 733	1	50
9.	European Union	euro	EUR	1	1.29 155	0.373 364	2	500
10.	Cayman Islands	dollar	KYD	0.95 002	1.22 700 [4]	0.354 704	.25	100
11.	Azerbaijan	manat	AZN	0.889 040	1.14824	0.331 936	.50	100
12.	Cuba	convertible peso	CUC	0.836 205	1.08 000 [4]	0.312 209	5 (rare) 1 (common)	100
13.	United States	dollar	USD	0.774 263	1	0.289 082	1 (rare) .25 (common)	100
	Bahamas	dollar	BSD		1 [4]		2 (rare) .25 (common)	100
	Bermuda	dollar	BMD				1	100
	Panama	balboa	PAB				.50	--

1. ^ Floating exchange rate data taken from www.xe.com on January 16, 2007.
2. ^ ^{a b c} Scheduled to establish GCC common currency in 2010.
3. ^ ^{a b c} Scheduled to join euro.
4. ^ ^{a b c d e f g h i j k l m n} Currency peg.
5. ^ The highest-valued currency unit of any OECD member-state.
6. ^ ^{a b c} Commonly used unofficial non-ISO 4217 codes

[edit] Mathematical details

• Blue cells are exchange rate data obtained from www.xe.com
• Yellow cells are defined pegged rate by various authorities
• All other exchange rate cells are derived by multiplications and divisions from the blue and yellow cells

[edit] Luigino

At a pegged value of US$6.00 per luigino, it is considered to be the world's highest valued currency. However, since the locality that issued it from 1994-1996, Seborga, is not recognized by any nation, the currency is not officially traded out of the locale and has no value outside of it, although it has been recognized by the International Bank. The Kuwaiti dinar is the world's highest valued formally recognized currency.

[edit] See also

• Least valued currency unit
• Denomination (currency)