Given the dollar’s historic depreciation, CNBC in association with Reuters and Thomson compiled a list of today’s strongest currencies, based on their exchange rate with the dollar.
You may be surprised to learn how many international currencies are ahead of the US dollar! From the Ghanaian Cedi, Euro, Pound Sterling to the Kuwaiti Dinar and the Cayman Islands Dollar. For a full overview click here. (The ranking - based on a sampling of published exchange rates - could change should the invariable, daily fluctuation in rates be significant.)
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CNBC’S ‘ranking’ of strongest currencies is one of the dumbest things I’ve ever seen. Strength and exchange rates are not related. Case in point: the Japanese Yen is about 1 dollar to 113 Yen. This doesn’t mean that the dollar is 113 times stronger than the Yen! A currency’s strength is not determined by the exchange rate, I don’t know what CNBC was thinking.
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