Is There a More Expensive Currency Than the US Dollar?
The US dollar is considered the most traded and one of the best-known currencies in the world. However, not many know that it has serious competitors in terms of value. While it’s a well-known fact that the euro is more valuable than the dollar, is it the only currency that costs more than the USD?
Actually, there are other currencies that are worth more than the US dollar. In this FXOpen article, we will look at the dollar’s main competitors.
The United States Dollar: An Overview
According to the BIS Triennial Central Bank Survey 2022, the US dollar, or greenback, is the most traded currency in the world. It’s strong compared to other currencies due to the economic strength of the United States. The dollar is called a major safe-haven currency. Although many market analysts doubt this is the case in 2025, it still maintains this status.
According to the International Monetary Fund (IMF), the US has the world’s largest economy by nominal GDP. The country has a highly developed and diversified economy with a sound financial system.
The strength makes the US dollar the currency of choice for investors and traders. Like any other asset, the greenback experiences fluctuations in value depending on global and local economic conditions, interest rates, and geopolitical events. To track those fluctuations, one can look at the dollar index (#DXY at FXOpen). The index tracks the relative strength of the US dollar versus a basket of six currencies.
The USD is known as a reserve asset, which means that central banks of different countries hold large amounts of US dollars to support their currencies and facilitate international trade.
Because of the US economic dominance and the significant role of the nation in global trade and finance, the popularity of the USD doesn’t change much. The prices of many commodities, such as oil, are set in dollars, further strengthening its position as a major global legal tender.
What Money Is Worth More Than a US Dollar?
Now that you know why the dollar is a powerful currency, let’s look at its main competitors. These include the Kuwaiti dinar, Bahraini dinar, Omani rial, Jordanian dinar, Cayman Islands dollar, British pound, and euro. Here we’ll discuss which currencies are higher than the US dollar based on their exchange rate as of 31 October 2025.
Euro (EUR)
Exchange rate: 1.15 USD
Is the euro stronger than the US dollar? Yes, as of 2025, the euro is worth more than the greenback. However, the EUR is not the most valuable currency globally.
If one asks what is worth more, the euro or the dollar, the answer is the euro. But this is true for 2025. From 2000 to 2002, for example, the dollar was valued higher than the euro, but the euro strengthened after that and was worth less than 1 USD only in September-October 2022. However, a weak currency is not a bad sign because it can help boost exports from a country with a stronger currency.
EUR/USD is the most traded pair globally. If you want to track its performance or price fluctuations across more than 700 markets, you can consider using the TickTrader trading platform.
Cayman Islands Dollar (KYD)
Exchange rate: 1.20 USD
The Cayman Islands dollar is the legal tender of the Cayman Islands, a British Overseas Territory in the West Indies, in the Caribbean Sea. The international abbreviation is KYD. The Cayman Islands dollar has a fixed exchange rate pegged to the US dollar, where 1 KYD equals 1.20 USD.
British Pound (GBP)
Exchange rate: 1.31 USD
Thanks to the UK’s position as one of the world’s major financial centres and one of the leaders in international trade, the British pound is strong, despite periods of significant depreciation. Politicians in the UK generally maintain the value of the pound above that of the greenback. Historically, the GBP was worth much more than the US dollar, but in the 20th century, its value dramatically declined. Before World War II, one pound was equal to 5 dollars or more. However, after that, the greenback started gaining strength and became a leader in international trade and a global store of value. Still, the GBP is stronger than the US dollar as of October 2025.
Jordanian Dinar (JOD)
Exchange rate: 1.41 USD
Similar to the KYD, the Jordanian dinar (JOD) is pegged to the US dollar at a higher value. The idea behind this was to influence the exchange rate and keep it as stable as possible, which should help attract US investment in Jordan.
Any country can peg its currency to the US dollar. Moreover, the value could be higher, lower, or equal to one USD. But the peg must be maintained. Data for the last 20 years shows that Jordan has done this successfully, so 1 JOD = 1.41 USD.
Omani Rial (OMR)
Exchange rate: 2.60 USD
Oman has also pegged its legal tender to the US dollar at a fixed rate, so 1 OMR is 2.60 USD. The rial maintains its value thanks to the country’s oil production, tight monetary policies, and financial restrictions on the money supply. The restrictions have helped keep inflation rates relatively low for many years.
Bahraini Dinar (BHD)
Exchange rate: 2.65 USD
The Bahraini dinar, or BHD for short, is pegged to the USD at a higher value. Since 2018, the Bahraini dinar’s exchange rate has remained at the same level, and 1 BHD = 2.65 USD. In hindsight, the average annual rate for the BHD has been close to the current rate since 2011. The dinar stays pegged, and inflation remains low.
Kuwaiti Dinar (KWD)
Exchange rate: 3.26 USD
The Kuwaiti dinar, or KWD, is the world’s strongest national currency. It is not pegged and floats freely. Thanks to the country’s vast natural resources and significant oil production, the value of the KWD is very high.
Final Thoughts
In conclusion, it’s important to say that while some currencies have a higher nominal value than the US dollar, they aren’t stronger. The USD is the world’s leading reserve currency used in global trade and finance. The dollar is the most traded currency, providing high liquidity and global trust. Despite recent depreciation, it is the cornerstone of the international monetary system.
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FAQ
What Currency Is Worth the Most in US Dollars?
The most valuable currency against the dollar is the Kuwaiti dinar. Its value is more than three times higher than that of the USD.
What Are 20 Currencies That Are Considered the Strongest in the World?
The world’s strongest currencies include the Kuwaiti dinar, Bahraini dinar, Omani rial, Jordanian dinar, and others. If you want to learn more about the top 20, check out our article.
Is There the Most Stable Currency?
There is no stable currency, as every currency experiences price fluctuations, and its rate depends on many factors that can lead to significant volatility.
Is the Dollar Stronger than the Euro Today?
The exchange rate constantly changes due to geopolitical processes, macroeconomic factors, and the stability of the US and EU economies. You can check the actual EUR/USD rate here.