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🌍 World ranking of currencies with the lowest value in 2024 💱
Greetings to crypto enthusiasts! 👋
We present a ranking of 50 countries whose currencies have the lowest value against the US dollar. Many of these countries are experiencing serious economic difficulties, which is reflected in the exchange rate of their national currencies. Analyzing this data is particularly relevant in the context of seeking stable assets to preserve value.
Countries with the Most Depreciated Currencies
1. 🇻🇪 Venezuela — Bolívar (VES) — 1 USD ≈ 4,000,815 VES [high level of crypto adoption]
2. 🇮🇷 Iran — Rial (IRR) — 1 USD ≈ 514,000 IRR
3. 🇱🇦 Laos — Kip (LAK) — 1 USD ≈ 17,692 LAK
4. 🇸🇱 Sierra Leone — Leone (SLL) — 1 USD ≈ 17,665 SLL
5. 🇱🇧 Lebanon — Pound (LBP) — 1 USD ≈ 15,012 LBP [growing crypto adoption]
6. 🇮🇩 Indonesia — Rupee (IDR) — 1 USD ≈ 14,985 IDR
7. 🇺🇿 Uzbekistan — Som (UZS) — 1 USD ≈ 11,420 UZS
8. 🇬🇳 Guinea — Franc (GNF) — 1 USD ≈ 8,650 GNF
9. 🇵🇾 Paraguay — Guarani (PYG) — 1 USD ≈ 7,241 PYG
10. 🇰🇭 Cambodia — Riel (KHR) — 1 USD ≈ 4,086 KHR
Regions with Moderate Devaluation
12. 🇺🇬 Uganda — Shilling (UGX) — 1 USD ≈ 3,806 UGX
13. 🇹🇿 Tanzania — Shilling (TZS) — 1 USD ≈ 2,498 TZS
14. 🇲🇬 Madagascar — Ariary (MGA) — 1 USD ≈ 4,400 MGA
15. 🇮🇶 Iraq — Dinar (IQD) — 1 USD ≈ 1,310 IQD
16. 🇻🇳 Vietnam — Dong (VND) — 1 USD ≈ 24,000 VND
17. 🇧🇾 Belarus — Ruble (BYN) — 1 USD ≈ 3.14 BYN
18. 🇵🇰 Pakistan — Rupee (PKR) — 1 USD ≈ 290 PKR
🇲🇲 Myanmar — Kyat (MMK) — 1 USD ≈ 2,100 MMK
🇿🇲 Zambia — Kwacha (ZMW) — 1 USD ≈ 20.5 ZMW
🇳🇵 Nepal — Rupee (NPR) — 1 USD ≈ 132 NPR
22. 🇸🇩 Sudan — Pound (SDG) — 1 USD ≈ 600 SDG
23. 🇸🇷 Suriname — Dollar (SRD) — 1 USD ≈ 37 SRD
24. 🇹🇬 Togo — Franc (XOF) — 1 USD ≈ 620 XOF
25. 🇪🇹 Ethiopia — Birr (ETB) — 1 USD ≈ 55 ETB
Low-cost currencies
26. 🇰🇵 North Korea — Won (KPW) — 1 USD ≈ 900 KPW
27. 🇹🇲 Turkmenistan — Manat (TMT) — 1 USD ≈ 3.5 TMT
28. 🇹🇯 Tajikistan — Somoni (TJS) — 1 USD ≈ 11 TJS
30. 🇬🇭 Ghana — Cedi (GHS) — 1 USD ≈ 12 GHS
31. 🇰🇪 Kenya — Shilling (KES) — 1 USD ≈ 148 KES
32. 🇪🇬 Egypt — Pound (EGP) — 1 USD ≈ 31 EGP
33. 🇱🇰 Sri Lanka — Rupee (LKR) — 1 USD ≈ 320 LKR [growth of interest in crypto assets]
34. 🇲🇼 Malawi — Kwacha (MWK) — 1 USD ≈ 1,250 MWK
35. 🇲🇿 Mozambique — Metical (MZN) — 1 USD ≈ 63 MZN
36. 🇾🇪 Yemen — Rial (YER) — 1 USD ≈ 250 YER
38. 🇰🇬 Kyrgyzstan — Som (KGS) — 1 USD ≈ 89 KGS
39. 🇭🇹 Haiti — Gourde (HTG) — 1 USD ≈ 131 HTG
40. 🇳🇬 Nigeria — Naira (NGN) — 1 USD ≈ 775 NGN [active use of cryptocurrencies]
Relatively stable currencies with low cost
41. 🇲🇩 Moldova — Leu (MDL) — 1 USD ≈ 18 MDL
42. 🇦🇲 Armenia — Dram (AMD) — 1 USD ≈ 410 AMD
43. 🇬🇪 Georgia — Lari (GEL) — 1 USD ≈ 2.85 GEL
44. 🇸🇴 Somalia — Shilling (SOS) — 1 USD ≈ 550 SOS
45. 🇫🇯 Fiji — Dollar (FJD) — 1 USD ≈ 2.26 FJD
46. 🇳🇮 Nicaragua — Cordoba (NIO) — 1 USD ≈ 36.5 NIO
47. 🇧🇩 Bangladesh — Taka (BDT) — 1 USD ≈ 110 BDT
48. 🇰🇿 Kazakhstan — Tenge (KZT) — 1 USD ≈ 470 KZT
49. 🇮🇸 Iceland — Krona (ISK) — 1 USD ≈ 136 ISK
The Relationship Between Currency Instability and Digital Assets
It is interesting to note that in countries with the most depreciated currencies ( such as Venezuela, Lebanon, and Nigeria ) there is an increased interest in digital assets. According to recent data, trading volumes on digital exchanges in these regions show significant growth.
For residents of countries with unstable national currencies, digital assets often become a tool for preserving value and protecting against inflation. Modern digital platforms provide access to the global financial market regardless of the state of the local economy.
Each of the listed countries faces unique economic problems, but a common feature is the significant devaluation of the national currency against the US dollar and other stable assets.
Disclaimer: The materials published reflect the opinions of third parties. It is not a financial recommendation.