When you travel, you sometimes exchange your money and end up holding far more notes than you expected. This might give you a feeling that you’ve suddenly become rich, until you start spending and realise that those notes don’t stretch very far. That’s when you understand the real value of a currency. Weaker currencies typically have significantly lower purchasing power when compared to stronger ones.
Some currencies have low value because of inflation, unstable markets, or slow economic growth. Using today’s exchange rates, here we take a look at eight of the weakest currencies in the world (exchange rates compared to 1 USD) and why their value is so low.
Disclaimer: All exchange rates mentioned below reflect today’s rates as provided, and currency values may fluctuate frequently based on market conditions.
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