As is well known, the US Dollar is the most widely held reserve currency globally. However, interestingly, on the list of world currency values, the US Dollar ranks only eighth. This might come as a surprise. So, which currencies actually occupy the top seven positions on this list? The first four currencies might be relatively unfamiliar.

The first is the Kuwaiti Dinar (KWD).

Many people are not very familiar with Kuwait, which is actually a Middle Eastern country located in the Gulf region. This country lacks significant industrial activities and primarily relies on oil and natural gas as its main economic resources. Despite relying solely on oil and natural gas, Kuwait has become a well-known wealthy nation worldwide. The currency of Kuwait is the Kuwaiti Dinar (KWD), and 1 KWD can be exchanged for 3.24 USD or MYR 15.09.

The second is the Bahraini Dinar (BHD).

The Bahraini Dinar (BHD) is the currency of Bahrain, a small island nation located off the western coast of the Persian Gulf. The Kingdom of Bahrain is rich in oil resources, making oil a cornerstone of its economy. Moreover, its financial and construction sectors are highly developed. This currency is mainly used within Bahrain. 1 BHD can be exchanged for 2.65 USD or MYR 12.34.

The third is the Omani Rial (OMR).

Oman, also known as the Sultanate of Oman, is situated in the southeastern coastal region of the Arabian Peninsula. It is one of the historically significant nations in this area. Thanks to its advantageous coastal geography, Oman has maintained a stable level of economic development. About 40% of its population earns a living through agriculture, fishing, and livestock farming, contributing to the country's relative prosperity. Currently, 1 OMR is approximately exchangeable for 2.60 USD or MYR 12.08.

The fourth is the Jordanian Dinar (JOD).

Jordan, also an Arab nation, is not particularly economically developed compared to the oil-rich countries in its vicinity. Its oil reserves are not as abundant. Nevertheless, in comparison to many other countries, Jordan can be considered relatively prosperous. In the past, the Jordanian Dinar held a similar status as the US Dollar, but this changed with social fluctuations. 1 JOD is equivalent to 1.41 USD or MYR 6.57.

The fifth is the British Pound (GBP).

The United Kingdom was once a global superpower and held a dominant position in the international financial sector. Even today, the British Pound (GBP) remains one of the eight major currencies widely used in international settlements and pricing. While the British Empire no longer exists, the significant status of the British Pound in the financial industry cannot be overlooked. 1 GBP is equivalent to 1.26 USD or MYR 5.87.

The sixth is the Swiss Franc (CHF).

When mentioning Switzerland, people often think of the prestigious watch brand Rolex and the highly secure banking system. However, apart from these aspects, the Swiss Franc (CHF) also plays a significant role in the international foreign exchange market and is considered a strong currency. The Swiss Franc is also one of the eight major currencies worldwide. 1 CHF exchanges for 1.13 US Dollars or MYR 5.72.

The seventh is the Euro (EUR).

The Euro is managed and issued by the European Central Bank (ECB) and serves as the common currency for 19 countries within the European Union (EU). It is also one of the eight major currencies worldwide, making it highly liquid and valuable. Currently, 1 EUR is equivalent to 1.08 USD, and it's also equal to MYR 5.04.

The eighth is the US Dollar (USD).

As the current global superpower, the US Dollar is undoubtedly the most powerful and widely accepted hard currency. Virtually all countries are willing to use the US Dollar as a medium of exchange, showcasing its immense strength. The US Dollar is not only the most widely held reserve currency in the world but also one of the eight major currencies worldwide. Despite not having the highest value, its dominance and influence are unrivaled. 1 USD is equivalent to MYR 4.65.

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