The 5 Strongest currency Vs. The U.S. Dollar in 2016
The Fed’s recent federal funds rate increase to 0.25% is associate indicator of future strength for the U.S. dollar. because it stands, U.S. currency has one among the strongest exchange rates within the world. once the autumn of monetary unit over the past 2 to 3 years, the dollar has created further gains over the yuan and therefore the yen. this could position the dollar for a lot of future gains against these currencies. whereas the monetary unit is presently stronger than the dollar, high fluctuations within the euro’s price recommend that the currency is unstable. solely 6 of fifty five international currencies are stronger than the dollar, as of February 2016.
Euro (0.9 EUR to 1 USD)
In January 2016, the monthly average for the dollar to monetary unit charge per unit was regarding €0.92 for $1. The monetary unit bounced from its strongest to weakest purpose in January, once $1 was modified for €0.86, to November’s rate of €0.93. In 2014, the monetary unit weakened the foremost once rates left the 70s and entered the 80s. A weak currency within the monetary unit zone has been chargeable for variety of economic difficulties facing the ecu Union, together with low gross domestic product (GDP) growth and sidelining monetary growth. European financial policy leaders recommend that the currency is probably going to stay weak for 2016.
British Pound (0.69 GBP to 1 USD)
Bank of England policymakers haven’t raised interest rates for 6 years. it’s mistreatment low interest rates to encourage disposition activity and foster growth. A series of incorrect speculations on nation pound’s movement has been caused by inconsistencies between policymakers’ moves and their announcements. nation pound has historically been a powerful currency against the U.S. dollar, and its continued circulation once the introduction of the monetary unit helps to support England’s economy.
Bahraini Dinar (0.37 BHD to 1 USD)
The Bahraini dinar is presently the world’s most precious currency, although it sometimes faces stiff competition with the dinar for this title. The Bahraini dinar’s yearly average has remained at intervals one cent of its current charge per unit since 2011, despite the big result that low oil costs have had on Bahrain’s economy. Bahrain’s rate of inflation born from 2.7 to 20 from 2014 to 2015. The country’s domestic credit stock is $24.16 billion as of January 2015, although its sovereign debt rating hovers on top of junk standing.
Kuwaiti Dinar (0.39 KWD to one USD)
A strong market in oil exports has helped augment Kuwait’s wealth and increase the worth of the dinar. crude oil exports account for 94 of the country’s export revenue. Its gross domestic product is $123.2 billion, and 2015 per capital gross domestic product is 72,200. The dinar was even a lot of valuable in previous years, however associate account deficit and low easy business has adversely affected the country’s economy.
Latvian latisimus dorsi (0.62 LVL to 1 USD)
The latisimus dorsi may be a stable currency and has not seen abundant fluctuation within the past 2 years. The currency had a variety of 4 cents year-on-year, reaffirming Latvia’s sort of financial management. The latisimus dorsi has gained strength once a decade of transitioning out of associate depression that occurred within the Nineteen Nineties. Baltic State has adopted the monetary unit since coming into the ecu Union, however the latisimus dorsi continues to be in circulation and trades on forex markets.