Thứ Bảy, 7 tháng 4, 2012

Least valued currency unit

Least valued currency unit
 
From Wikipedia, the free encyclopedia


 
The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major reserve currency such as the United States dollar (USD) or the euro (EUR). Sub-units are not considered when looking for the least valued currency: for example, while a British pound sterling might be considered, a British penny would not be.
[edit] Current least valued currency units
As of January 11, 2012, there were 43 currencies for which 1 USD was worth over 100 units.
In addition:
  • Zimbabwe's currency, the Zimbabwean dollar, was indefinitely suspended on 12 April 2009, and is not included on this list.
No. State Currency Abbr 1 US dollar
= (as of Jan 1, 2011)		 1 Euro =
(as of Jan 1, 2011)		 Highest valued coin
(if any)		 Highest valued banknote Notes
1.  Somalia shilling SOS 33,300[2] 44,600 None in use 1,000 (3¢)
2.  Vietnam đồng VND 20,487.70 26,093.06 5,000 ($0.25) 500,000 ($25.66)
3.  São Tomé and Príncipe dobra STD 18,260.00 24,449.23 2,000 (11¢) 100,000 ($5.48)
4.  Iran + rial IRR 10,349.59 13,857.58 5000 (48¢) 100,000 (legal tender; $9.66)
2,000,000 ("cash cheque"; $193.26)		 To be redenominated in 2012
5.  Indonesia + rupiah IDR 8,765.01 12,421.76 1,000 (11¢, uncommon)
500 (5¢, common)		 100,000 ($11.41) To be redenominated in 2020 [3]
6.  Laos kip LAK 8,051.30 10,780.29 None in use 100,000 ($12.25)
7.  Guinea franc GNF 6,925.00 9,272.23 None in use 10,000 ($1.44)
8.  Zambia kwacha ZMK 4,797.51 6,423.63 None in use 50,000 ($10.42)
9.  Paraguay + guaraní PYG 4,642.55 6,216.14 1,000 (22¢) 100,000 ($21.54) To be redenominated in 2012[4]
10.  Sierra Leone leone SLL 4,120.00 5,516.47 500 (12¢, uncommon)
100 (2¢)		 10,000 ($2.43)
11.  Cambodia riel KHR 4,037.86 5,516.47 None in use 100,000 ($24.77)
12.  Belarus ruble BYR 2,999.14 4,015.70 None in use 100,000 ($33.34)
13.  Uganda shilling UGX 2,308.28 3,090.67 500 (22¢) 50,000 ($21.66)
14.  Madagascar ariary MGA 2,120.00 2,838.57 50 (2¢) 10,000 ($4.72)
15.  North Korea won KPW 2,050[5] 2,750 1 (0.05¢) 5,000 ($2.44) Official rate: 1 USD = 143 KPW
16.  Colombia + peso COP 1,850 2,526 500 (27¢) 50,000 ($27.02)
17.  Uzbekistan som UZS 1,640.15 2,196.08 100 (6¢) 1,000 ($0.61)
18.  Tanzania shilling TZS 1,504.22 2,014.08 200 (13¢) 10,000 ($6.65)
19.  Lebanon pound LBP 1,504.22 2,009.35 500 (33¢) 100,000 ($66.64) Pegged to USD
20.  Mongolia tögrög MNT 1,230.00 1,646.91 500 (41¢) 20,000 ($16.26)
21.  Burundi franc BIF 1,218.86 1,631.99 None in use 10,000 ($8.20)
22.  Iraq + dinar IQD 1,168.69 1,564.82 100 (9¢) 25,000 ($21.39)
23.  South Korea won ‡ KRW 1,120.90 1,500.83 500 (45¢) 50,000 ($44.61)
24.  Democratic Republic of the Congo franc CDF 915.07 1,225.23 None in use 500 (55¢)
25.  Myanmar kyat MMK 818 1,089 100 (12¢) 5,000 ($5.81)
26.  Rwanda franc RWF 591.69 792.24 100 (17¢) 5,000 ($8.45)
27.  Costa Rica colón CRC 507.58 679.62 500 (99¢) 50,000 ($98.51)
28. Central Africa CFA franc XAF 489.91 655.96 500 (102¢) 10,000 ($20.41) Pegged rate: 1 € = 655.957 XAF
29. West Africa CFA franc XOF 489.91 655.96 500 ($1.02) 10,000 ($20.41) Pegged rate: 1 € = 655.957 XOF
30.  Chile peso CLP 467.71 626.24 500 ($1.07) 20,000 ($42.76)
31.  Comoros franc KMF 367.43 491.97 100 (27¢) 10,000 ($27.22) Pegged rate: 1 € = 491.968 KMF
32.  Armenia dram AMD 363.44 486.63 500 ($1.38) 100,000 ($275.15)
33.  Mauritania ouguiya MRO 281.20 376.51 20 (7¢) 2,000 ($7.11)
34.  Yemen rial YER 213.50 285.87 20 (9¢) 1,000 ($4.68)
35.  Hungary forint HUF 207.50 285.87 200 (96¢) 20,000 ($96.39)
36.  Guyana dollar GYD 203.20 272.07 10 (5¢) 1,000 ($4.92)
37.  Djibouti franc DJF 177.71 238.00 500 ($2.81) 10,000 ($56.26) Pegged rate: 1 USD = 177.711 DJF[6]
38.  Nigeria naira NGN 152.07 203.61 2 (1¢) 1,000 ($6.58)
39.  Malawi kwacha MWK 151.52 202.88 10 (7¢) 500 ($3.30)
40.  Kazakhstan tenge KZT 147.29 197.21 100 (68¢) 10,000 ($67.89)
41.  Iceland krona ISK 115.05 154.05 100 (87¢) 5,000 ($43.46) The krona is currently not traded freely, with the last ECB reference rate having been set on 3 Dec 08 [7]
42.  Sri Lanka rupee LKR 110.89 148.48 10 (9¢) 2,000 ($18.04)
43.  Albania lek ALL 104.78 140.30 100 (95¢) 5,000 ($47.72)
Data for all other currencies taken from exchange-rates.org & xe.com unless noted otherwise.
Notes 
+ – Redenomination is currently being considered.
‡ – The least valued currency of any OECD member state
[edit] Historical least valued currencies
Start Date Finish Date Country Currency Unit Units per US Dollar Notes
- 21 May 1911  Portugal Portuguese real 900 new currency: 22 May 1911: 1 escudo = 1,000 réis
22 May 1911 Mid-1920  Brazil Brazilian real 900 - 5,000
Mid-1920 31 Dec 1921 Flag RSFSR 1918.svg Russia Soviet first ruble 5,000 - 60,000 new currency 1 Jan 1922: 1 second Soviet ruble = 10,000 first Soviet rubles
1 Jan 1922 September 1922  Austria Austrian krone 4,500 - 12,500 German papiermark inflates
September 1922 31 Dec 1923 Flag of Germany (3-2 aspect ratio).svg Weimar Republic Mark 12,500 - 4,000,000,000,000 new currency 1 Jan 1924: 1,000,000,000,000 Papiermark = 1 Rentenmark
1 Jan 1924 13 Apr 1924  Poland Polish marka 5,000,000 - 9,324,000 new currency 14 Apr 1924 1 Polish zloty = 1,800,000 marek
14 Apr 1924 19 Dec 1924  Austria Austrian krone 26,000 - 45,000 new currency 20 Dec 1924: 1 schilling = 10,000 Austrian kronen
20 Dec 1924 31 Dec 1926  Hungary Hungarian korona 7,000 - 63,000 new currency 1 Jan 1927: 1 pengő = 12,500 Hungarian korona
1 Nov 1942 9 Nov 1944  Greece Greek drachma 3,500 - 7,500,000,000,000 new currency : 50,000,000,000 old drachmai = 1 new drachma
Nov 10 1944 August 1945  Romania leu 3,500 - 25,000
August 1945 August 1946 Flag of Hungary 1940.svg Hungary pengő changed daily Hungarian pengő hyperinflates; new currency 18 Aug 1946: 1 forint = 400,000,000,000,000,000,000,000,000,000 pengő
19 Aug 1946 14 Aug 1947  Romania leu 100,000 - 5,050,000 new currency 15 Aug 1947: 20,000 leu = 1 new Romanian leu
15 Aug 1947 30 Nov 1948  Republic of China Fabi 250,000 - 105,000,000 new currency 1 Dec 1948: 1 gold yuan = 3,000,000 fabi
1 Dec 1948 30 Apr 1954  Greece drachma 20,000 - 30,000 new currency 1 May 1954: 1,000 drachmai = 1 new drachma
1 May 1954 28 Feb 1955  China yuan 24,600 new currency 1 March 1955: 10,000 First Series Renminbi yuan = 1 Second Series Renminbi yuan
1 Mar 1955 5 Jan 1958  Italy Italian lira 625
6 Jan 1958 31 Dec 1959  Chile Chilean peso 650 - 1,051 new currency 1 January 1960 : 1,000 pesos = 1 Chilean escudo
1 Jan 1960 31 Dec 1962  Bolivia Bolivian boliviano 750 - 11,875 new currency 1 January 1963: 1,000 bolivianos = 1 Bolivian peso
1 Jan 1963 12 Dec 1965  Indonesia Indonesian rupiah 1,205 - 4,995 new currency 13 December 1965: 1,000 old rupiah = 1 new rupiah
13 Dec 1965 12 Feb 1967  Brazil Brazilian cruzeiro (BRZ) 1,950 - 2,710 new currency 13 February 1967: 1,000 cruzeiros = 1 Cruzeiro novo
13 Feb 1967 Mid-June 1974  Italy Italian lira 620 - 640
Mid-June 1974 28 Sep 1975  Chile Chilean escudo 640 - 6,000 new currency 29 Sep 1975 : 1000 escudo = 1 Chilean peso
29 Sep 1975 November 1978  Italy Italian lira 680 - 850
November 1978 31 May 1983  Argentina Argentine peso ley 850 - 81,105 new currency 1 June 1983 : 10,000 pesos ley = 1 peso argentino
1 June 1983 21 Nov 1984  Peru Peruvian sol 1,494 - 4,969 new currency 1 February 1985 : 1,000 soles = 1 Peruvian Inti
22 Nov 1984 4 January 1987  Bolivia Bolivian peso 8,786 - 2,000,000 new currency 5 January 1987 : 1,000,000 pesos = 1 boliviano
5 January 1987 31 January 1988  Nicaragua Nicaraguan córdoba 6,000 - 50,000 new currency 1 February 1988 : 10,000 old córdobas = 1 new córdoba
1 February 1988 June 1988  Vietnam Vietnamese đồng (VND) 1,700 - 4,500 Dong devalued from 900 to 3000 [1]
June 1988 31 December 1989  Yugoslavia Yugoslav dinar (YUD) 4,500 - 40,000 new currency 1 January 1990 : 10,000 hard dinar = 1 convertible dinar
1 January 1990 30 April 1991  Nicaragua Nicaraguan córdoba 40,000 - 25,000,000 (official)
350,000 - 30,000,000 (parallel)		 new currency 1 May 1991 : 5,000,000 1988 cordóbas = 1 hard córdoba
1 May 1991 30 June 1991  Peru Peruvian inti (PEI) 705,000 - 835,000 new currency 1 July 1991 : 1,000,000 intis = 1 nuevo sol (inti valid until 31 December 1991)
1 July 1991 October 1993  Zaire Zairean Zaire (ZRN) 61,900 - 7,915,000 new currency October 1993 : 3,000,000 Old Zaire = 1 New Zaire
October 1993 10 Jan 1994  Angola Angolan novo kwanza (AON) 34,200 -
11 Jan 1994 23 Jan 1994 Flag of Serbia and Montenegro.svg Yugoslavia Yugoslav "1994 dinar" 46,000 - 6,850,000 Changed daily due to hyperinflation
new currency 24 Jan 1994: 10~13 million "1994 dinara" = 1 novi dinar (YUM) (pegged to 1 German mark)
24 Jan 1994 30 June 1995  Angola Angolan novo kwanza (AON) 34,200 - 2,100,000 new currency 1 July 1995: 1,000 novos kwanzas (AON) = 1 new kwanza reajustado (AOR)
1 Jul 1995 1 Sep 1996  Ukraine Ukrainian karbovanets (UAK) 147,300 - 176,000 new currency 2 Sep 1996: 100,000 karbovanets (UAK) = 1 hryvnia (UAH)
2 Sep 1996 30 Nov 1999  Angola Angolan kwanza reajustado (AOR) 150,000 - 5,400,000 new currency 1 Dec 1999: 1,000,000 kwanzas reajustados (AOR) = 1 new Angolan kwanza (AOA)
1 Dec 1999 31 Dec 2004  Turkey Turkish lira (TRL) 518,000 - 1,339,000 new currency 1 Jan 2005: 1,000,000 old Turkish lira (TRL) = 1 new Turkish lira (TRY) (old lira valid to end of 2005)
1 Jan 2005 30 June 2005  Romania Romanian leu (ROL) 29,110 - 29,850 new currency 1 July 2005: 10,000 old Romanian lei (ROL) = 1 new Romanian leu (RON) (old leu valid to 30 June 2006)
1 July 2005 24 Aug 2005  Mozambique Mozambican metical (MZM) 24,400 new currency 1 July 2006: 1,000 old Mozambique meticais (MZM) = 1 new Mozambique metical (MZN) (old metical valid to end of 2006)
24 Aug 2005 31 Jul 2006  Zimbabwe Zimbabwean dollar (ZWD) 25,000-101,000 (official)
45,000-550,000 (parallel)		 Changed daily due to hyperinflation
Redenominated currency 1 Aug 2006: 1,000 first Zimbabwean dollars = 1 second Zimbabwean dollar
1 Aug 2006 ca. 21 Mar 2007  Vietnam Vietnamese đồng (VND) 16,000 - 16,736 -
ca. 21 Mar 2007 ca. 6 Apr 2007  Zimbabwe Second Zimbabwean dollar (ZWN) 250 (official)
16,000 - 30,000 (parallel)		 Changed daily due to hyperinflation
ca. 6 Apr 2007 8 Apr 2007  Vietnam Vietnamese đồng (VND) 16,022 Zimbabwean dollar briefly rose in value
ca. 8 Apr 2007 31 Jul 2008  Zimbabwe Second Zimbabwean dollar (ZWN) 250 - 69,484,070,056 (official)
20,000 - 751,089,467,956 (parallel)		 Changed daily due to hyperinflation.
Redenominated currency 1 Aug 2008: 10,000,000,000 second Zimbabwean dollars = 1 third Zimbabwean dollar
1 Aug 2008 21 Sep 2008  Somalia Somali shilling (SOS) 35,000
22 Sep 2008 2 Feb 2009  Zimbabwe Third Zimbabwean dollar (ZWR) 96 - 12,336,416,667 (official)
80,000 - 300,000,000,000,000 (parallel/cash)		 Changed daily due to hyperinflation. Redenominated currency 2 Feb 2009: 1,000,000,000,000 third Zimbabwe dollars = 1 fourth Zimbabwe dollar
3 Feb 2009 present  Somalia Somali shilling (SOS) 28,250 - 33,000
Many currencies are not permitted to float on the foreign exchange market, to prevent capital flight or for political reasons. As a result, the parallel market (black market) price of a currency may deviate substantially from its official value.
[edit] See also
[edit] References
  1. ^ http://www.somalilandgov.com/cprofile.htm
  2. ^ http://www.somalbanca.org/exchange-rates.html
  3. ^ http://www.bbc.co.uk/news/business-16332016
  4. ^ http://www.abc.com.py/nota/reconversion-monetaria-permitira-armonizacion-con-monedas-del-mercosur/
  5. ^ http://www.dailynk.com/english/market.php
  6. ^ http://www.banque-centrale.dj/princ_caracteristique.htm
  7. ^ http://www.ecb.int/stats/exchange/eurofxref/html/index.en.html
[edit] External links
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