Top 10 Weakest Currencies of the World – Updated February 2018

Every day we hear the people comparing the currency of their country with US Dollar and expressing their concern on the weak value of their currency.

Let us discuss several weakest currencies of the world as compared with US Dollar as a standard currency. The list of weakest currencies in the world is updated in the month of February 2018. 

We will try to keep it updated on monthly basis. Exchange rates have been taken from Google. However, you may find differences between currency rates. The reason is that these currencies are very volatile.

We have also tried to explain the possible reason for the weakening of currencies of any country. In a previous article, we have discussed the Top 10 Strongest Currencies of the World.

Iranian Riyal

Iran has the weakest currency rate in the world as compared with US Dollar. Iranian Riyal is shortly written as IRR and the highest denomination currency note of Iranian Riyal is 100,000 which is equivalent to 2.71 USD. These days one US Dollar is equal to 36,950 Iran Riyals.

People of other countries think that they are having a weak currency rate because one US Dollar equals tens or hundreds of their currency notes but Iranians are top on the list of weakest currency as US Dollar equals to thousands of their currency notes.

The sanctions imposed on Iran have damaged its economic condition they are also the major reason for the downfall of Iran Currency as well.

São Tomé & Príncipe Dobra

Dobra ranks at number 2 among the weakest currencies of the world. It is the currency of Democratic Republic of São Tomé and Príncipe, shortly written as STD.

One US Dollar is equal to 20,502 STD.  The economy is based on imports. The highest denomination currency note of Dobra is 100,000 which is equivalent to 4.88 USD.

Vietnam Dong

Dong ranks at number 3 among the weakest currencies of the world. Almost every one of the generation living in their 30’s knows well about the famous war of Vietnam.

That war was a defeat for the superpowers but it ruined the economy of Vietnam at large.  Now 1 US Dollar equals 22,710 Dongs. 

The situation gets much interesting when it is discussed with a resident of Vietnam and instead of being worried about the downfall of currency a unique comparison is made.

The argument is that a good breakfast costs 30,000 VND on an average and when converted this cost is less than 2 Dollars.

Two Dollars are not enough money even to buy a Muffin in the USA. The highest denomination currency note of Dong is 500,000 which is equivalent to 22.02 USD.

Indonesian Rupiah

Rupiah ranks at number 4 among the weakest currencies of the world. The currency of Indonesia is Indonesian rupiah which is denoted as Rp. It is the third weakest currency in the world. One unit of US Dollar is equal to 13,394 Rp.

State authorities have been trying their best for the stabilization of their currency but various International Financial Crisis played a vital role and the currency is still in the travel of stabilization.

The highest denomination currency note of Indonesian Rupiah is 100,000 which is equivalent to 7.47 USD.

Laotian Kip

Kip ranks at number 5 among the weakest currencies of the world. Kip is the official currency of Laos from 1952. It is also among the less rated currencies in the world. Currently, 8,301 units of this currency are required to replace one unit of US Dollar.

Inflation and the Financial Crisis that occurred in Asia in 1997 are the main reasons for the decline of the country’s economy. The highest denomination currency note of Laotian Kip is 100,000 which is equivalent to 12.05 USD.

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