So you think UK Pound is the highest value currency in the world?

[Alamaking]

you are wrong......

1) 1 dinar (Kuwait) = USD$3.56
2) 1 dinar (Bahrain) = USD$2.65
3) 1 rial (Oman) = USD$2.60
4) 1 lats (Latvia) = USD$1.79
5) 1 pound (United Kingdom) = USD$1.54

 

[Cruxx]

And the point of this thread is?

 

[Prometheus888]

BUT

which are the currencies which carries the highest denominations? Because if you need to carry around a million bucks in USD, which currency allows you to carry them in the "lightest" way by the fewest notes....

That's my question......

 

[drifter]

BUT

which are the currencies which carries the highest denominations? Because if you need to carry around a million bucks in USD, which currency allows you to carry them in the "lightest" way by the fewest notes....

That's my question......

if im not wrong singapore is second with ...$1000 note . the largest currency note is 500 €

 

[Cruxx]

What's most important is your net worth lah. You could have a currency that allowed you to exchange for 10 USD with 1 unit but if you had very few of this currency, you would still be a poor pauper. Does anybody here seriously think the Japanese are poorer than Latvians just because the value of the Yen is damn low?

 

[drifter]

What's most important is your net worth lah. You could have a currency that allowed you to exchange for 10 USD with 1 unit but if you had very few of this currency, you would still be a poor pauper. Does anybody here seriously think the Japanese are poorer than Latvians just because the value of the Yen is damn low?

well said

 

[Prometheus888]

sinkapore has the 10,000 note denomination bro. is there any reason why there are so many rumours that this island's main business is n money laundering?

 

[zhihau]

That's my question......

Zimbabwe has notes of denomination up to $100,000,000,000,000.00
how is the conversion rate of USD to Zimbabwean dollar?

 

[Alamaking]

And the point of this thread is?

The main point of this thread is that most of us thought pounds is the highest value currency in the world.....

 

[Scrooball (clone)]

Very impressive for an Aussie Masters holder. Lol

 

[Alamaking]

Very impressive for an Aussie Masters holder. Lol

Kanina, mai suan lah..... , if you know, you smarter than me lor....

 

[Cruxx]

The main point of this thread is that most of us thought pounds is the highest value currency in the world.....

Who's so dumb to think that GBP is the highest value currency in the world? Faster kee chiu

 

[erection2015]

bro...the pound is not the highest....but it is the heaviest. The rest of the currencies weigh far less....few grams only.

The main point of this thread is that most of us thought pounds is the highest value currency in the world.....

 

[no_faith]

the other currency might be high but I don't think they float in the market? right?
and it can be highest but worthless.

 

[tonychat]

you are wrong......

1) 1 dinar (Kuwait) = USD$3.56
2) 1 dinar (Bahrain) = USD$2.65
3) 1 rial (Oman) = USD$2.60
4) 1 lats (Latvia) = USD$1.79
5) 1 pound (United Kingdom) = USD$1.54

Who cares????

 

[erection2015]

money changers do....AK's new career.

Who cares????

 

[Cestbon]

sinkapore has the 10,000 note denomination bro. is there any reason why there are so many rumours that this island's main business is n money laundering?

Yes $10k note SG is the biggest value in single note or paper.

 

[Scrooball (clone)]

This thread is truly insightful. The marvel of learning from an online forum is just too fascinating. Of course, some nasty people might say this thread is useless as there are FX websites such as http://www.xe.com/ for learning about exchange rates.

 

[scroobal]

What Scrooball and Cruxx is hinting is that one does not use number of units against USD or any other base currency to determine value. The number of can be arbitraly set by the country. As in HK which is pegged against USD as well as the Chinese currency which is not free floating.

The value of a currency vs other currency is its ability to buy more of the same goods. This where the purchasing power parity comes into play. Big Mac is a known proxy.

For examples if all currencies are converted into USD, lets see much does a Big Mac costs in each of these countries

Swizerland - $ 6.81USD
UK - $3.82USD
Singapore - $3.72USD
Malaysia - $2.34USD
HK - $2.12USD

From the above, you can see that HK dollars is most valuable in buying a big mac compared to the swiss where it costs 3 times more. Its also explains why Singaporans are buying properties in Johor and staying there. You get more for your buck. That is why HKers left. Also explains why only diplomats and supra national organisations have their offices in Geneva and Bern but not commercial companies who would not be able to,pay their expats enough to come over.

 

[Alamaking]

money changers do....AK's new career.

Actually money changer makes good money leh, dun pray pray....