Post
Topic
Board Economics
Re: What is the strongest fiat currency in the world today?
by
hitrawal91
on 11/01/2018, 18:36:39 UTC
It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

The strength of the FIAT currency all depends on the Capital assets which the particular government is holding against their having Liabilities. USD is having the almost 13 billion of DEBTS and still, you can say that USD is the strongest FIAT currency because of HIGH PERCENTAGE OF FOREIGN TRADE.

Yes you have heard it right it is the FOREIGN TRADE percentage which will tell the truth behind the countries Economy and the currency market whether who is ruling the market and who is having the high strength. USD is having almost 90% of foreign trade and the next comes EUR and the third spot goes to GBP, and then japanese YEN, swiss franc CHF, CAD(canadian dollar), AUD(Australian dollar) respectively. Hope it helps you.