Stability in the currency is more important than the value of the currency.

The high currency value shows that the inflation rate in the country is under control.

The high currency value has rarely been used by investors to make a case for their investment in the country. The constant strengthening of a currency can also result in high saving and less spending, besides discouraging exports and increasing imports.

Japan is one of the developed and strongest economies in the world. But at the same time, its currency is very small, $1 = Japanese Yen (¥) 108.74.

Top 10 weakest (lowest) world currencies in 2020

#1 – Kuwaiti Dinar ($3.29)

#2 – Bahrain Dinar ($2.65)

#3 – Oman Rial ($2.60)

#4 – Jordan Dinar ($1.41)

#5 – British Sterling ($1.32)

#6 – Cayman Islands Dollar ($1.20)

#7 – European Euro ($1.11)

#8 – Swiss Franc ($1.03)

#9 – US Dollar ($1)

#10 – Canadian dollar ($0.77)

Top 10 weakest (lowest) world currencies in 2020

Generally, the falling value of a currency indicates the economic downturn in a country. It can result in a balance of payments (BoP) deficit and high inflation rate.

The weak economic conditions can be the result of falling GDP, falling raw material, exports, war, political instability, bad monetary policy growing corruptions etc.

Strong currency does not imply high economic development. Libya is currently in a very bad economic condition due to war, but its currency is still quite strong. $1 = Libyan Dinar $1.40.

#1 – Venezuelan Sovereign Bolívar (67,142.50 VES/USD)

#2 – Iranian Rial (42,105.00 IRR/USD)

#3 – Vietnamese Dong (23,172.50 VND/USD)

#4 – Indonesian Rupiah (13,757.23 IDR/USD)

#5 – Sierra Leonean Leone (9,725.00 SLL/USD)

#6 – Uzbekistani Som (9,505.00 UZS/USD)

#7 – Guinean Franc (9,425.00 GNF/USD)

#8 – Lao or Laotian Kip (8,885.00 LAK/USD)

#9 – Paraguayan Guarani (6,504.09 PYG/USD)

#10 – Cambodian Riel (4,075.00 KHR/USD)

The exchange rate are based on 11 January 2020 data.