Top 5 surprising weak currency in world.
Most people know about the strongest, most stable and powerful world currencies, for example, British Pound, Swiss Franc (Swissie), US Dollar, Euro and others.
I have mainly focused on Asian countries, Africans are even not the underdeveloped.
But today I am listing here some of the weak currency, probably they are not of weakest of world,but it is quite surprise to see them in the list.
1. South Korean Won:- South korea is one of the most developed country in the world and probably after Japan it is the 2nd most developed country in Asia.It has been listed with Us,Canada, Australia,Japan and Western European countries which the first world.
Thecountry has a strong per capita gross domestic product (GDP), low infant mortality rate and high life expectancy, and offers its citizens widespread access to quality health care and higher education.
Despite this ,it's currency is weak .
$1=1124 Won.
2.Indonessian Rupiah:- This Asian country have similar problems like other Asian developing country .Indonesia has a mixed economy in which both the private sector and government play significant roles.The country is the largest economy in Southeast Asia, a member of the G20,and classified as newly industrialized country. As of 2018, it is the world's 16th largest economy by nominal GDP and 7th largest in terms of GDP at PPP, estimated to be US$1.074 trillion and US$3.481 trillion respectively.
Since 2007, with improvement in banking sector and domestic consumption, growth has accelerated to between 4% and 6% annually.
Some agencies have predicted it to be the 3rd largest economy till 2050 behind China and India.Still the currency has weak value in Foreign market.
$1=14,555 Indonesian Rupiah
3.Japanese Yen:- It is the most surprising country making in the list for you as well as me. Why, because it it the most developed country in the Aisa and with Us ,canada ,South Korea,and western Europe it makes the first world .The only country in the world to face Nuclear attack and after that Japanese have done the speedy recovery and till 90s it was the emerging superpower and considered to give a tough competition to US economy.The economy of Japan is a highly developed and market-oriented economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity(PPP), and is the world's second largest developed economy. Japan is a member of the G7.
But today when I was surfing it was one of the most surprising and strangest thing.I mean it's currency value has weak value than the Afghan Afghani which is living under the terror of Taliban's Terrorism.
4.Hungarain Forint:- The reason why I am putting it into the list is that it is an European country. European are condconsid to be the most developed Countries in the world.
The Hungarian economy is the 57th-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 49th in the world in terms of GDP per capitameasured by purchasing power parity. Hungary is an export-oriented market economy with a heavy emphasis on foreign trade.
Despite of this it has a weak value currency respective to the European countries.
$1=283.28 Hungarian forint.
5.Pakistani Rupee:- Some people may say why are you putting it in the list everyone knows it's a poor country and it's eceonec is just drowning ,one of the most denting country in the world,but the main reason behind it is that it is one of the 9 countries in world who possess a nuclear weapon. Thats the main reason and another is that after partition from India, it's economy was much better than other countries in South Asia but there is continous decrease in the economy graph is the reason to think of.
The economy of Pakistan is the 23th largestin the world in terms of purchasing power parity , and 38th largest in terms of nominal gross domestic product. Pakistanhas a population of over 207 million (the world's 5th-largest), giving it a nominal GDP per capita of $1,641 in 2018, which ranks 147th in the world and giving it s PPP GDP per capita of 5,709 in 2018, which ranks 130th in the world for 2018.
$1=139.12 Pakistani Rupee.
I have mainly focused on Asian countries, Africans are even not the underdeveloped.
But today I am listing here some of the weak currency, probably they are not of weakest of world,but it is quite surprise to see them in the list.
1. South Korean Won:- South korea is one of the most developed country in the world and probably after Japan it is the 2nd most developed country in Asia.It has been listed with Us,Canada, Australia,Japan and Western European countries which the first world.
Thecountry has a strong per capita gross domestic product (GDP), low infant mortality rate and high life expectancy, and offers its citizens widespread access to quality health care and higher education.
Despite this ,it's currency is weak .
$1=1124 Won.
2.Indonessian Rupiah:- This Asian country have similar problems like other Asian developing country .Indonesia has a mixed economy in which both the private sector and government play significant roles.The country is the largest economy in Southeast Asia, a member of the G20,and classified as newly industrialized country. As of 2018, it is the world's 16th largest economy by nominal GDP and 7th largest in terms of GDP at PPP, estimated to be US$1.074 trillion and US$3.481 trillion respectively.
Since 2007, with improvement in banking sector and domestic consumption, growth has accelerated to between 4% and 6% annually.
Some agencies have predicted it to be the 3rd largest economy till 2050 behind China and India.Still the currency has weak value in Foreign market.
$1=14,555 Indonesian Rupiah
3.Japanese Yen:- It is the most surprising country making in the list for you as well as me. Why, because it it the most developed country in the Aisa and with Us ,canada ,South Korea,and western Europe it makes the first world .The only country in the world to face Nuclear attack and after that Japanese have done the speedy recovery and till 90s it was the emerging superpower and considered to give a tough competition to US economy.The economy of Japan is a highly developed and market-oriented economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity(PPP), and is the world's second largest developed economy. Japan is a member of the G7.
But today when I was surfing it was one of the most surprising and strangest thing.I mean it's currency value has weak value than the Afghan Afghani which is living under the terror of Taliban's Terrorism.
4.Hungarain Forint:- The reason why I am putting it into the list is that it is an European country. European are condconsid to be the most developed Countries in the world.
The Hungarian economy is the 57th-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, and ranks 49th in the world in terms of GDP per capitameasured by purchasing power parity. Hungary is an export-oriented market economy with a heavy emphasis on foreign trade.
Despite of this it has a weak value currency respective to the European countries.
$1=283.28 Hungarian forint.
5.Pakistani Rupee:- Some people may say why are you putting it in the list everyone knows it's a poor country and it's eceonec is just drowning ,one of the most denting country in the world,but the main reason behind it is that it is one of the 9 countries in world who possess a nuclear weapon. Thats the main reason and another is that after partition from India, it's economy was much better than other countries in South Asia but there is continous decrease in the economy graph is the reason to think of.
The economy of Pakistan is the 23th largestin the world in terms of purchasing power parity , and 38th largest in terms of nominal gross domestic product. Pakistanhas a population of over 207 million (the world's 5th-largest), giving it a nominal GDP per capita of $1,641 in 2018, which ranks 147th in the world and giving it s PPP GDP per capita of 5,709 in 2018, which ranks 130th in the world for 2018.
$1=139.12 Pakistani Rupee.
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