Despite the fact that Europe is a developed and powerful country like America, many may wonder why their currency is not at the top of the world. Before that you need to know how to determine the value of this currency. With the advancement of human civilization, people have felt the need for products that do not extend beyond the borders of their own country to the lands of neighboring countries. In this situation, international trade has to be at the forefront.
For a long time in the past, this work was done in all kinds of products and currencies. But in this age of globalization, the global economy has become so huge that it is not possible to transact using any kind of currency. That is why money is scattered all over the world. But in this age of globalization, there are also obstacles. The currency of one country is not common in another. Such as: Yen in Japan, Rupee in India, Ruble in Russia, Lira in Turkey, and Money in Bangladesh. The values are also different. Naturally the question is, why is that?
The value of money is determined by the purchasing power of money. The relationship between the price of goods and the value of money is opposite. The value of money increases when the price of goods decreases, on the contrary, the value of money decreases when the price of goods increases. The international value of a country’s currency is determined by its supply and demand.
Here is a list of the most expensive currencies in the world for expatriate time readers.
Number 1 is Kuwaiti Dinar. Which is the most expensive currency in the world today. For every Kuwaiti dinar you have to pay 265 rupees in Bangladeshi currency.
Bahrain is in the second position. The value of the country’s one-day Bangladeshi currency is about 235 rupees.
Oman, another country in the Middle East, is in the 3rd position. According to the latest information published on 9 May 2022, the value of one Omani Riyal is 232 Bangladeshi Taka. Which is the highest price compared to previous years. Oman expatriates can send money to the country at this rate today through Unimoney Exchange, Lulu Exchange and Purshottam Kanji Exchange. At the same time, there is 2.5% incentive given by