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Author: Admin | 2025-04-28
Euro).The Singapore Dollar is currently holding the 13th place among the most traded currencies in the world and is considered one of the highest valued in the Asia-Pacific region.The country has an interesting course towards maintaining the stability of its currency: the Monetary Authority of Singapore keeps an eye on the international currency exchange rates and intervenes to steer it into the right direction when necessary.#7 – United States DollarCurrency code – USD.US Dollar rate:1 USD = 0.94 EUR (US Dollar to Euro).Even though the US dollar is the world reserve currency and it has never been devalued in its history, it still hasn’t made it to the very top of our today’s list. But why?Being the most exchanged and popular currency in the world, US dollar hasn’t been backed by gold for quite a while now, i.e. there is not enough gold around the world to back every dollar. Surely, the gold standard has been mostly abandoned as the basis for a monetary system within a country, yet still many people argue that this is an important factor in identifying the stability of a currency. #8 – Australian DollarCurrency code – AUD.Australian Dollar rates:1 AUD = 0.66 USD (Australian Dollar to US Dollar).1 AUD = 0.62 EUR (Australian Dollar to Euro).The Australian Dollar is the national currency of Australia and its adjacent islands. The currency circulation covers a significant part of the globe, which has led to its popularity. At the same time, due to its geographical position, Australia is cut off from the large continents.A stable government system and a low unemployment rate add to this currency’s strength and stability. The Reserve Bank of Australia plays the main part in this: it monitors the printing of new bills and their introduction into circulation when necessary.The Australian dollar is
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