It ruled first with US Dollar, second is euro and third, are pound.
But why is it popular and the value of the money become more expensive and sometimes with down rates?
One read from a source of website claimed defends on the increase and demand of supply. So it also means developing a competition between different countries by economic growth.
We have notice that Saudi riyal is on the button but how that happens while the Philippines is more valuable? you must know that the Philippines has one of the highest numbers of overseas worker employees working in Saudi Arabia for higher money rates. However, not just with that but the Philippines economic growth is also rapidly inclined and faster because of billions of remittance all over the world, secondly is the export transfer of goods and supply, third, there is also another country that they most value the Philippine peso like INDIA, INDONESIA, VIETNAM and other continents.
US dollar is mostly used all over the world, also with using specifications in words online and international transactions.
Did you know that the only country who holds more value than a dollar is in Asia?
Bahrain Dinar and Kuwaiti Dinar is actively the most valuable currency in the world, however, its not so popular but they did it all over the years. Kuwait is top number 19 richest country in the world 2013 and now Number 5 with 71,600.96 (GDP) Year 2015 International dollars - Exchange rate, see that how's that fast?
Kuwait and Bahrain
And why is it higher rate has than the USA?
Just because USA is importing different oils coming from the middle east including Saudi Arabia and Qatar,
Did you know that QATAR is the richest country in the world?
How did they do that?
It's because there (GDP) is higher than your country Gross domestic products per capital. The analysis also used a Purchasing Power Parity (PPP) basis, which takes into account the living cost and inflation rates, in order to compare living standards between the different nations.