So reports toptenstips.com in edited excerpts from the original article* entitled Trade In World’s Top 10 Strongest Currencies.
[The following is presented by Lorimer Wilson, editor of www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
The article goes on to say in further edited excerpts:
A currency is known as the official money that a country will operate with. To best judge which are the strongest currencies we should look at the FOREX Market (Foreign Exchange Market) to see which currency affords the most interest.
#10: Norwegian Krone – 1.5%
Recent years has seen a boom in the need for crude oil and it is this that keeps this currency strong to the point where it is gaining ground, even on the Euro and US Dollar.
#9: Hong Kong Dollar – 2%
Hong Kong sees a lot of international trading with Southern China and this keeps its Dollar strong.
#8: Swedish Krone – 2%
Sweden has one of the most stable economies in the world and so it is hardly surprising that their currency should attract some interest.
#7: Canadian Dollar – 4%
The strength of the Canadian Dollar is very much linked to the commodities markets such as precious metals, mineral and crude oil; it is therefore often the choice as currency of trade in these areas.
#6: Australian Dollar – 4%
On floating its value in 2011 and gaining exchange power, the Australian currency has become popular among currency exchangers.
#5: Swiss Franc – 6%
Switzerland is considered a safe haven for money and, as its value often increases when others decline, it is often sought after.
#4: British Pound – 17%
The Pound is often liked because of its high value in comparison to other currencies.
#3: Japanese Yen – 20%
The Japanese Yen is a popular currency for use in international trading.
#2: Euro – 37%
The Euro is the largest currency in circulation…[It] is not only used in Europe but also by 150 million people in Africa.
#1: U.S. Dollar – 90%
Even through the global economic troubles, the US Dollar remained the currency of choice by many and several countries still use it as there official currency.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
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