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Weakest Currencies
Introduction
It must remain considered when determining the weakest currency in the world, as it depends on the comparison or the context in which it remains seen. It is considering its present environment and emerging trends in the market.
However, it should remain noted that this does not mean a thorough examination stayed conducted; instead, just a few currencies that witnessed recent currency slumps will remain discussed. Many factors affect currency strength; hence, an investor should conduct proper research before investing.
Weakest Currencies in the World: A weak currency has lost value while other currencies have increased. A currency is considered weak when its value falls compared to other currencies. Several variables also cause a weak currency, the most important of which is a country’s ailing economy. Finally, a strong currency is associated with a healthy economy, while a weak one is associated with a poor one.
The following are a few of the most important aspects of a weak currency to consider:
- Generally, when compared to other currencies, a weak currency denotes a decline in the value of a country’s currency.
- Although, weak currencies result from a poor or fragile economic structure.
- When a country’s currency is weak, exports become less expensive.
- Without the help of any outside influence, a previously weak currency can restore its power.
Top 20 Weakest Currencies in the World
Below are top 20 weakest Currencies in the world:
1. Iranian Rial (IRR)
the Iranian Rial is the world’s weakest currency, with an exchange rate of approximately IRR 37,800 per US dollar. The Rial has struggled due to various factors, including international sanctions, political instability, and inflation.
The Iranian Rial (IRR) is the official currency of Iran. The current exchange rate of the Iranian Rial to the US dollar is highly volatile due to various economic and political factors affecting Iran.
Nevertheless, the Iranian economy has been affected by a variety of factors, including international sanctions, political instability, and a high rate of inflation.
2. Vietnamese dong (VND)
The Vietnamese dong is the second weakest currency in the world, with an exchange rate of approximately VND 23,250 per the US. The Vietnamese Dong (VND) is the official currency of Vietnam. However, the Vietnamese economy has grown recently, and the dong has been relatively stable compared to many other emerging market currencies.
3. Indonesian Rupiah (IDR)
The Indonesian Rupiah is the third weakest currency in the world, with an exchange rate of approximately IDR 15,000 per US dollar. The rupee has struggled due to various factors, including high inflation and trading imbalances.
The Indonesian Rupiah (IDR) is the official currency of Indonesia. The exchange rate of the Indonesian rupiah to the US dollar was approximately IDR 14,500 per US dollar.
4.Guinean Franc (GNF)
The Guinean franc is the weakest currency in Africa, with an exchange rate of approximately 9,000 GNF per US dollar. The Guinean Franc (GNF) is the official currency of Guinea. The exchange rate of the Guinean franc to the US dollar was approximately 9,500 GNF per US dollar.
5. Sierra Leonean Leone (SLL)
Sierra Leone Leone is the fifth weakest currency in the world, with an exchange rate of approximately SLL 9,000 per US dollar. Leone has struggled due to various factors, including political instability and an overreliance on imports.
The Sierra Leone Leone (SLL) is the official currency of Sierra Leone. The Sierra Leone Leonese to US dollar exchange rate was approximately SLL 10,000 per US dollar.
6. Lao Kip (LAK)
The Lao kip is the weakest currency in Southeast Asia, with an exchange rate of approximately LAK 9,000 per US dollar. The Lao Kip (LAK) is the official currency of Laos. The exchange rate for the Lao kip to the US dollar was approximately LAK 9,500 per US dollar.
7. Uzbek som (UZS)
The Uzbek som is the seventh weakest currency in the world, with an exchange rate of approximately 10,600 UZS per US dollar. The Uzbek Som (UZS) is the official currency of Uzbekistan. The exchange rate of the Uzbek som per US dollar was approximately 10,000 UZS per US dollar.
8. Paraguayan Guarani (PYG)
The Paraguayan Guarani is the weakest currency in South America, with an exchange rate of approximately PYG 6,800 per US dollar. In addition, the Guarani have been affected by factors such as the trade deficit and dependence on agriculture.
The Paraguayan Guarani (PYG) is the official currency of Paraguay. The exchange rate of the Paraguayan Guarani per US dollar was approximately PYG 6,700 per US dollar.
9. Zambian Kwacha (ZMW)
The Zambian kwacha is the weakest currency in southern Africa, with an exchange rate of approximately 18 ZMW per US dollar. The Zambian Kwacha (ZMW) is the official currency of Zambia. The exchange rate of the Zambian kwacha to the US dollar was approximately 16 ZMW per US dollar.
10. Tanzanian Shilling (TZS)
The Tanzanian shilling is the 10th weakest currency in the world, with a rate of Laos is a developing country with a growing economy furthermore, the value of the Kip can be affected by a variety of factors, including changes in world commodity prices, domestic economic and political developments, and currency rate policies. Change.
11. Mozambican Metical (MZN)
The Mozambican metical is the 11th weakest currency in the world, with an exchange rate of approximately 79 MZN per US dollar. In addition, the Medical has struggled due to high debt levels and inflation.
The Mozambican Metical (MZN) is the official currency of Mozambique. The exchange rate of the Mozambican metical to the US dollar was approximately 62 MZN per US dollar.
12. Central African CFA Franc (XAF)
Several Central African countries use the Central African CFA franc, with an exchange rate of approximately 560 XAF per US dollar. However, the franc has been affected by various factors, including political instability, economic mismanagement, and a reliance on exports.
The Central African CFA Franc (XAF) is the official currency of six Central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. It is one of two CFA franc coins in circulation in Africa, the other being the West African CFA franc (XOF).
13. Burundian Franc (BIF)
The Burundian franc is the 13th weakest currency in the world, with an exchange rate of approximately 1,950 BIF per US dollar. The franc has struggled due to various factors, including political instability and economic mismanagement.
The Burundian Franc (BIF) is the official currency of Burundi. The Burundian franc to US dollar exchange rate was approximately 1,900 BIF per US dollar.
14. Sao Tome and Principe Dobra (STD)
The São Tomé and Príncipe dobra is the weakest currency in Africa after the Guinean franc, with an exchange rate of approximately STD 38,000 per US dollar. The Sao Tome and Principe dobra (STD) is the official currency of Sao Tome and Principe. The exchange rate of the Sao Tome and Principe dobra to the US dollar was approximately STD 20,500 per US dollar.
15. Congolese Franc (CDF)
The Congolese franc is used in both the Democratic Republic of the Congo and the Republic of the Congo and also has an exchange rate of approximately 1,750 CDF per US dollar. The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo. So, the exchange rate of the Congolese franc to the US dollar was approximately 1,900 CDF to the US dollar.
16. Sudanese Pound (SDG)
The Sudanese pound is the weakest currency in the Middle East, with an exchange rate of approximately SDG 135 per US dollar. Indeed, the Sudanese pound (SDG) is the official currency of Sudan. However, the exchange rate of the Sudanese pound per US dollar was approximately SDG 380 per US dollar.
17. Liberian dollar (LRD)
The Liberian dollar is the 17th weakest currency globally, with an exchange rate of approximately 200 LRD per US dollar. LRD is the official currency of Liberia. Certainly, the Liberian dollar to US dollar exchange rate was approximately LD 171 per US dollar.
18. Somali Shilling (SOS)
The Somali shilling is the weakest currency in East Africa, as a result with an exchange rate of approximately 580 SOS per US dollar. Surely, the Somali Shilling (SOS) is the official currency of Somalia.
19. Yemeni Riyal (YER)
The Yemeni Rial is the weakest currency in the Arabian Peninsula, with an exchange rate of approximately 620 YER per US dollar. Undoubtedly, the Yemeni Rial (YER) is the official currency of Yemen. Regardless, the exchange rate of the Yemeni Rial to the US dollar was approximately 250 YER per US dollar.
20. Belarusian ruble (BYN)
The Belarusian ruble is the weakest currency in Europe, with an exchange rate of approximately 2 BYN per US dollar. However, the ruble has also struggled due to various factors, including economic sanctions and political instability. The Belarusian ruble (BYN) is the official currency of Belarus.