1 / 6

Currencies Around the World

Best online money transfer in australia

eremitofficial
Download Presentation

Currencies Around the World

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Currencies Around the World

  2. . Each and every one of you will have money in your pocket or wallet or purse or in your credit or debit cards. Isn’t it? Yes and it is with the exchange of this money, you buy groceries, other products, services etc. The money in your pocket is Australian Dollars (AUD), how about the coins or currencies of someone living in Canada or Kuwait or Sri Lanka, ever thought of that? Here, let us explore some details about the currencies around the world and how they are exchanged for international money transfer. Starting from the bottom, what is currency? According to Wikipedia, “A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins”. Travelling back to the centuries, currencies took the shape of tea, shells or large stones, however, currently, they are pretty much coins and banknotes.

  3. . Each country has its own currency system, sometimes the names might overlap as in Indian Rupees and Pakistan Rupees are “Rupees” or Australian Dollars and U.S. Dollars are “Dollars”, however, their values are different. As per the reports of the United Nations (UN), there are around 180 different types of currency in the world used in 195 different nations. Among these, people tend to think that U.S. Dollar is the strongest currency with the highest value, but they are wrong. U.S. Dollar is definitely the most-traded currency in the world, but not the strongest. The top 5 strongest currencies in the world are: Kuwaiti Dinar Bahrain Dinar Omani Rial Jordan Rial Pound Sterling ● ● ● ● ●

  4. . Surprised, aren’t you? However, they aren’t as popular as the currencies that are traded in large amounts daily for business needs, individual requirements and by the nations, which are: U.S. Dollar Euro Japan’s Yen Great British Pound Canadian Dollar Australian Dollar ● ● ● ● ● ●

  5. . Now comes the real question of how these currencies are traded or transferred from one country to another to make business transactions, to fund family relatives etc. International money transactions happen in accordance with the foreign exchange rate that states the value of one currency against the other. Instead of going to the banks for overseas money transfers, you can always opt for the best online money transfer in Australia as it allows you to send money abroad right through your mobile phone. No matter where you wish to transfer money, the best remittance provider allows you to select the country and deliver the money in the desired currency.

  6. THANK YOU

More Related