Top 10 Most Valuable Currencies in the World 2020| Top 10 Strongest Currencies in the world.

SUBSCRIBE: http://www.youtube.com/c/BRAINPOWERALWAYS
#BRAINPOWER

CONTACT US:[email protected]
HIGHEST PAID LEADERS IN THE WORLD:
https://youtu.be/6Xz72tktzwo

Welcome to BRAIN POWER, today we are going to look at the top 10 strongest currencies in the world, if you're new here please consider subscribing to our channel so that you dont miss out on the next interesting video like this. Alright then ,let's continue.

Most people believe that the British Pound is the most expensive currency. But actually, it is not. There are at least a few currencies that are more valuable.

To help you get a better understanding of the situation, we compiled a list of the strongest world currencies .

Canadian dollar.

Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling.The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

It is often called the "loonie" in honor of the bird depicted on the one-dollar coin.

USA DOLLAR,
Owing to the USA's world economic leadership, its currency achieved the title "World Reserve Currency". In other words, you can make dollar payments everywhere (in any country)
Many of you will ask why the USA dollar is commonly used around the world yet we have more valuable currencies ?????
Why the Dollar Is the Global Currency
Briefly,
The 1944 Bretton Woods agreement kickstarted the dollar into its current position. Before then, most countries were on the gold standard. Their governments promised to redeem their currencies for their value in gold upon demand. The world's developed countries met at Bretton Woods, New Hampshire, to peg the exchange rate for all currencies to the U.S. dollar. At that time, the United States held the largest gold reserves. This agreement allowed other countries to back their currencies with dollars rather than gold.
The world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, giving the United States an advantage in excess of $100 billion per year.

SWISS FRANC.
Switzerland is not only one of the richest countries in the world, but it also belongs to the most stable ones. Its banking system had long been known for its formerly resolute "Bank Secrecy".

Besides, its high-tech goods are very well known all around the globe.
When it comes to swiss FRANC,
Pay attention to how extraordinary this banknote looks like. This is the only banknote which has a vertical view.
Over the past 15 years, the Swiss franc has increased in value substantially against both the US dollar and the euro. In recent years, factors such as the European debt crisis and accommodative monetary policy from the US Federal Reserve have boosted the franc.

Why swiss Franc is so strong,

Over the past 15 years, the Swiss franc has increased in value substantially against both the US dollar and the euro.
In recent years, factors such as the European debt crisis and accommodative monetary policy from the US Federal Reserve have boosted the franc.
Currencies trade in pairs, so they are strong or weak in relation to another currency. The European debt crisis caused investors to seek safe haven in the Swiss franc and loose monetary policy diminished the appeal of the US dollar. 

EURO 7

The Euro currency has strengthened over the past few years. This allowed it to rise in the list of the most powerful currencies. Partially, its strength is explained by the fact that it is the official world currency in European countries, among which you will find several economically developed ones.

The euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar.
As of December 2019, with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world.

The name euro was officially adopted on 16 December 1995 in Madrid.
 The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU)

CAYMAN ISLAND DOLLAR
The Cayman Islands Dollar 
(currency code KYD)
is the currency of the Cayman Islands. It is abbreviated with the dollar sign $, or alternatively CI$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents.
The Cayman Islands are one of the world’s best tax haven. These islands provided licenses for hundreds of banks, hedge funds, and insurance companies.