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When Rupee is kneeling down in front of the dollar, it would be interesting to probe into the other currencies which have already lost to the dollar and to pound as well. Along with that we will find the best currencies in 2013 which can give great returns on investing.
Iran Rial tops the list of the least valued currency. Introduced in 1798 as a coin Rial got its name from Spanish Rial. In 1945 Iran made USD as the peg for Rial leaving Pound and then 1USD was 32.25 Rial. The dollar devaluation in 1973 was not followed by Iran and the 1USD was 68.275 Rial. The value of the Rial declined due to the Islamic revolution and related capital flights and in 1999, 9430 rials equaled one dollar AND AS PER August 27, 1USD equals 24820.00IRR.
As of today 1USD is equal to 21,170000 VND, Vietnamese Dong when 1 GBP is equal to 32,910.8820 VND. Vietnamese Dong, the currency of Vietnam since 1978
Lesser known country São Tomé and Príncipe an Island nation situated in Gulf Guinea is the second smallest African country. Its currency Dobra was introduced in 1977 is the third least valued currency equaling 1 USD to 18325.00 Db. The country is planning to raise the value of its currency and for this purpose it has entered into a treaty with the Portuguese in 2010 to link Dobra with Euro.
The main tradable currencies are Japanese Yen, GBP, and USD obviously but South African Rand is considered to be the most tradable currency despite the collapse in emerging economies. South Africa Central Bank is a private entity and the 600 shareholders own less than 1% of outstanding shares. When translated to dollar pips the SAR equals to an average daily in GBP. That itself makes SAR most tradable against the USD.
The Australian Reserve Bank works towards target inflation of 2 to 3%. They have met this target nine times throughout this year. They even offer one of the best interest rate in global markets.
The Canadian Dollar is sound with low and stable inflation is considered as a safe and secure currency due to the efficient management by its Central Bank Even though an independed entity BoC is some times treated as a corporation like Swiss National Bank CAD is traded on a daily range of 30-40 pips
Iran Rial tops the list of the least valued currency. Introduced in 1798 as a coin Rial got its name from Spanish Rial. In 1945 Iran made USD as the peg for Rial leaving Pound and then 1USD was 32.25 Rial. The dollar devaluation in 1973 was not followed by Iran and the 1USD was 68.275 Rial. The value of the Rial declined due to the Islamic revolution and related capital flights and in 1999, 9430 rials equaled one dollar AND AS PER August 27, 1USD equals 24820.00IRR.
As of today 1USD is equal to 21,170000 VND, Vietnamese Dong when 1 GBP is equal to 32,910.8820 VND. Vietnamese Dong, the currency of Vietnam since 1978
Lesser known country São Tomé and Príncipe an Island nation situated in Gulf Guinea is the second smallest African country. Its currency Dobra was introduced in 1977 is the third least valued currency equaling 1 USD to 18325.00 Db. The country is planning to raise the value of its currency and for this purpose it has entered into a treaty with the Portuguese in 2010 to link Dobra with Euro.
The main tradable currencies are Japanese Yen, GBP, and USD obviously but South African Rand is considered to be the most tradable currency despite the collapse in emerging economies. South Africa Central Bank is a private entity and the 600 shareholders own less than 1% of outstanding shares. When translated to dollar pips the SAR equals to an average daily in GBP. That itself makes SAR most tradable against the USD.
The Australian Reserve Bank works towards target inflation of 2 to 3%. They have met this target nine times throughout this year. They even offer one of the best interest rate in global markets.
The Canadian Dollar is sound with low and stable inflation is considered as a safe and secure currency due to the efficient management by its Central Bank Even though an independed entity BoC is some times treated as a corporation like Swiss National Bank CAD is traded on a daily range of 30-40 pips
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