The value of a currency depends on various factors that affect the economy such as trade, inflation, employment, interest rates, growth rate and geopolitical conditions. Higher demand for imported goods increases demand for foreign currencies and, thus, weakens the local currency. Balance of payments, which comprises trade balance (net inflow/outflow of money) and flow of capital, also affects the value of a country's currency.
In this article, we will check out the Top 10 Most Valuable Currencies of Asia in 2022.
10. The Saudi Arabian Riyal (1 SAR = 21.69 INR)
The number 10 spot goes to the Saudi Arabian Riyal. It is divided into 100 halalas. The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. The Saudi riyal is currently pegged to the US dollar at the rate of 1 US dollar = 3.75 SAR.
Symbol: SR, ر.س, ﷼
ISO CODE: SAR
Central Bank: Saudi Central Bank
Value of the Saudi Arabian Riyal
1 SAR = INR 21.69
1 SAR = PKR 60.16
1 SAR = BDT 26.92
1 SAR = USD 0.27
1 SAR = EURO 0.27
9. The United Arab Emirates Dirham (1 AED = 22.19 INR)
The number 9 spot goes to the United Arab Emirates Dirham. It is divided into 100 fils. The United Arab Emirates dirham is pegged to the US dollar at the exchange rate of 1 USD = 3.6725 AED. Before 1966, the United Arab Emirates used the Gulf rupee. In 1973, the United Arab Emirates dirham replaced the Dubai riyal and the Qatar riyal. Since 1997, the dirham has been pegged to the US dollar at the rate of 1 USD = 3.6725 AED.
Symbol: د.إ
ISO CODE: AED
Central Bank: Central Bank of the United Arab Emirates
Value of the United Arab Emirates Dirham
1 AED = INR 22.19
1 AED = PKR 61.57
1 AED = BDT 27.56
1 AED = USD 0.27
1 AED = EURO 0.28
8. The Qatari Rial (1 QAR = 22.39 INR)
The number 8 spot goes to the Qatari Rial. It is divided into 100 dirhams. The Qatari Rial has been pegged to the US Dollar at 1 USD = 3.64 Rial since July 2001. Prior to 1966, Qatar’s currency was the Gulf Rupee – a currency issued by the Indian government. Upon the devaluation of the Indian Rupee in 1966, Qatar abandoned the Gulf Rupee in favor of the Saudi Riyal for a few months, followed by the Qatar and Dubai Riyal on March 21, 1966.
Symbol: QR, ر.ق
ISO CODE: QAR
Central Bank: Qatar Central Bank
Value of the Qatari Rial
1 QAR = INR 22.39
1 QAR = PKR 62.11
1 QAR = BDT 27.80
1 QAR = USD 0.27
1 QAR = EURO 0.28
7. The Azerbaijani Manat (1 AZN = 47.93 INR)
The number 7 spot goes to the Azerbaijani Manat. It is divided into 100 gapiks. There were three Manat currencies issued. The 3rd issue replaced the previous Manat in 2006, with the the new Manat = 5000 old Manat. There are similarities between the Euro and Manat banknotes; both were designed by Robert Kalina of Austria. At the end of 2006 the old Manat was taken out of circulation.
Symbol: ₼
ISO CODE: AZN
Central Bank: Azərbaycan Respublikası Mərkəzi Bankı
Value of the Azerbaijani Manat
1 AZN = INR 47.93
1 AZN = PKR 133.03
1 AZN = BDT 59.54
1 AZN = USD 0.59
1 AZN = EURO 0.60
6. The Singapore Dollar (1 SGD = 57.04 INR)
The number 6 spot goes to the Singapore Dollar. It is divided into 100 cents. The Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar. Singapore used the Straits Dollar from 1845 and 1939. It was replaced by the Malayan dollar, which in turn was replaced by the Malaya and British Borneo Dollar in 1953. Singapore used this common currency until the monetary union between Malaysia, Singapore and Brunei broke down in 1965. Singapore pegged its dollar to British Pound Sterling until the early 1970s, then to the US Dollar for a short period of time. From 1973 to 1985, Singapore pegged its currency against a fixed and undisclosed trade-weighted basket of currencies, reflecting its diversified trade links. From 1985 onwards, the Singapore Dollar has floated within an undisclosed bandwidth, closely monitored by the Monetary Authority of Singapore (MAS) to guard against imported inflation and ensure that Singapore's exports remain competitive.
Symbol: $, S$
ISO CODE: SGD
Central Bank: Monetary Authority of Singapore
Value of the Singapore Dollar
1 SGD = INR 57.04
1 SGD = PKR 158.11
1 SGD = BDT 70.76
1 SGD = USD 0.70
1 SGD = EURO 0.71
5. The Brunei Dollar (1 BND = 57.10 INR)
The number 5 spot goes to the Brunei Dollar. It is divided into 100 cents. The Monetary Authority of Singapore manages the Brunei dollar as well as the Singapore dollar. Until 1973, the Brunei Dollar and Singapore Dollar were exchangeable with the Malaysian Ringgit. The Singapore Monetary Board still allows the exchange of these currencies.
Symbol: B$
ISO CODE: BND
Central Bank: Brunei Darussalam Central Bank
Value of the Brunei Dollar
1 BND = INR 57.10
1 BND = PKR 158.35
1 BND = BDT 70.85
1 BND = USD 0.70
1 BND = EURO 0.71
4. The Jordanian Dinar (1 JOD = 115.12 INR)
The number 4 spot goes to the Jordanian Dinar. The Jordanian dinar has been the currency of Jordan since 1950. The dinar is divided into 10 dirhams, 100 qirsh or 1000 fulus. It is pegged to the US dollar.
Symbol: د.ا
ISO CODE: JOD
Central Bank: Central Bank of Jordan
Value of the Jordanian Dinar
1 JOD = INR 115.12
1 JOD = PKR 318.98
1 JOD = BDT 142.76
1 JOD = USD 1.41
1 JOD = EURO 1.43
3. The Omani Rial (1 OMR = 211.82 INR)
The number 3 spot goes to the Omani Rial. The Omani Rial is the currency of Oman. It is divided into 1000 baisa The Central Bank of Oman buys U.S. dollars at 0.384 Omani rial, and sell U.S. dollars at 0.385 Omani rial. It is the third-highest-valued currency unit in the world.
Symbol: ر.ع
ISO CODE: OMR
Central Bank: Central Bank of Oman
Value of the Omani Rial
1 OMR = INR 211.82
1 OMR = PKR 587.33
1 OMR = BDT 262.86
1 OMR = USD 2.60
1 OMR = EURO 2.63
2. The Bahraini Dinar (1 BHD = 216.10 INR)
The number 2 spot goes to the Bahraini Dinar. The dinar is the currency of Bahrain. It is divided into 1000 fils. It is usually represented with three decimal places denoting the fils. The name dinar derives from the Roman denarius. The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar.
Symbol: د.ب or BD
ISO CODE: BHD
Central Bank: Central Bank of Bahrain
Value of the Bahraini Dinar
1 BHD = INR 216.10
1 BHD = PKR 599.19
1 BHD = BDT 268.17
1 BHD = USD 2.65
1 BHD = EURO 2.69
1. The Kuwaiti Dinar (1 KWD = 263.26 INR)
The Kuwaiti dinar is the currency of Kuwait. It is sub-divided into 1,000 fils. As of 2022, the Kuwaiti dinar is the strongest circulating currency, with one Kuwaiti dinar equalling 3.32 United States Dollars.
Symbol: د.ك or KD
ISO CODE: KWD
Central Bank: Central Bank of Kuwait
Value of the Kuwaiti Dinar
1 KWD = INR 263.26
1 KWD = PKR 729.89
1 KWD = BDT 326.67
1 KWD = USD 3.23
1 KWD = EURO 3.27
So here we are - Top 10 most valuable currencies of Asia in 2022. Hope you enjoyed reading this article.
You can watch the following videos in YouTube in my channel "CURRENCY UNIVERSE" to know more about currencies.
TOP 10 MOST BEAUTIFUL BANKNOTES OF ASIA (IN HINDI)
TOP 10 MOST BEAUTIFUL BANKNOTES OF ASIA (IN ENGLISH)
ASIAN CURRENCIES UNDER ULTRAVIOLET LIGHT (IN HINDI)
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Last updated on 04/10/2022
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