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Yahoo expert say USD os much more valuable than Sinki Dolllar, Boss John do u agreed?
- Thread starter k1976
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The world's most powerful currencies, and where the pound ranks
Daniel CoughlinThu, 21 March 2024 at 12:53 am SGT10-min read
The strongest currencies in 2024, and why they're so powerful
Illustronaut/Alamy
There are 180 currencies recognised as legal tender around the world today, but only a handful are used for international transactions. The most powerful of these dominate global trade, finance, and foreign exchange reserves.
In a recent report, Insider Monkey ranked the world's top currencies based on their forex trade volume, status as a reserve currency, and strength on face value in terms of exchange rate.
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Read on to discover the 15 strongest currencies in the world today – and find out facts you may not know about the legal tender that makes the world go around.
All dollar amounts in US dollars.
11. Singapore dollar
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The Singapore dollar was launched in 1967 following the city-state's separation from Malaysia. Also referred to as "the sing", the currency was kept at parity with the Malaysian ringgit until 1973, when it was pegged to a basket of undisclosed currencies.
More than 20 currencies use the dollar name at present. It derives from a silver coin called the "joachimstaler", which was first minted in 16th-century Bohemia. The name was shortened to "taler" in everyday use before becoming "daler", which became "dollar" in English.
11. Singapore dollar
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American colonists used the name for the Spanish real and adopted it for their own currency following independence. This has inspired many other countries, including Singapore, to do the same over the years. Currently, one Singapore dollar is worth a respectable 75 US cents (59p).
Strongest: US dollar
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As you might have guessed, the mighty US dollar is the world's strongest currency. Created in 1792, the greenback (a slang term for the currency) has held the top spot since the end of World War II. Bolstered by the world's number-one economy, it's the planet's leading reserve currency, making up almost 60% of foreign currency reserves.
It's also the most traded globally, with a whopping 85% of all international forex transactions conducted in US dollars.
Strongest: US dollar
Orhan Cam/Shutterstock
The US dollar has more currencies pegged to it than any other. Several countries, including Zimbabwe and El Salvador, have adopted it as their official currency, and the greenback is also the currency of choice for pricing oil and other commodities.
The euro is actually a somewhat distant runner-up, and while the Chinese renminbi is likely to ascend the rankings as Beijing's de-dollarisation campaign continues, the currency has a very long way to go before it can be considered a contender to the US dollar's throne.
sgd is propped up by influx of money?
Yahoo is absolutely correct. That is why we must increase our ministers' salaries again and again. They are suffering.
SGDvis unofficial world best currency, appreciate by many talents around the world
Sinki must appreciate 3 5:1 advantages... many mnaybcheong across causeway to enjoy massage and "jiuhu grip" by their XMM
Many many Ah Laos everyday go Jiuhu Jalan Jalan, u believe they only go there to jiak 茶叶蛋？
I believe they go there to let Jiuhu XMM to jiak their lup cheong lah
RMB n the chicons are doing very well economically
Thatbis why I say we are in Good Hands
https://sg.yahoo.com/finance/news/s...ale-flops-after-three-auctions-071728327.html
Boss John and Bro Glockman, time for your contribution to help our nation to grow strength to strength, bow ish your chance to buy into a golden opportunity of World Best Property market ....hurry and dun miss the boat
Boss John and Bro Glockman, time for your contribution to help our nation to grow strength to strength, bow ish your chance to buy into a golden opportunity of World Best Property market ....hurry and dun miss the boat
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