10.Bulgarian Lev
1 USD = 1.80 BGN

The Bulgarian lev (BGN) maintains its position as a stable currency within the European region. Serving as the official currency of the Republic of Bulgaria since 1881, the lev has been a symbol of economic stability and resilience. With a current exchange rate of 1 USD = 1.8 BGN, the lev has demonstrated consistency in its value against the US dollar. Bulgaria's economy, while facing its own set of challenges, has shown remarkable resilience amidst global uncertainties.

The country's strategic location and membership in the European Union provide a platform for economic growth and stability. However, like many nations, Bulgaria encountered economic challenges in recent years. The COVID-19 pandemic posed significant hurdles, affecting various sectors such as tourism and export industries. Despite these challenges, Bulgaria remains committed to diversification strategies and economic reforms to bolster resilience and ensure sustainable growth in the face of evolving global dynamics.

9=New Zealand dollar
1 USD = 1.64 NZD

The New Zealand dollar (NZD) rightfully earns its place among the strongest currencies globally, and its strength has been on a continuous ascent. This upward trajectory can be attributed to several factors, including the nation's political stability, elevated interest rates, and robust GDP growth.

New Zealand's commitment to economic freedom has positioned it prominently on The Heritage Foundation's Index of Economic Freedom, where it currently holds the third rank. This recognition underscores New Zealand's status as a champion of economic freedom on a global scale. The country's adherence to principles that foster economic growth, stability, and individual liberties contributes significantly to the strength of the New Zealand dollar.

8.Australian Dollar
1 USD = 1.53 AUD

13th on our list of Best Performing Currencies Against The US Dollar is Australia Dollar. The Australian dollar (AUD) serves as the official currency of Australia and extends its usage to encompass external territories and certain Pacific Island states. While not ranking as the most valuable currency globally, the AUD stands out for its notable value and exceptional stability. As the fifth most traded currency in the forex market, it commands approximately 6.8% of daily transactions. The popularity of the Australian dollar can be attributed to factors such as its currency stability, elevated interest rates, and the perceived advantages it offers in terms of diversification.

7.Canadian dollar
1 USD = 1.36 CAD

The Canadian dollar (CAD), serving as the official currency of Canada, enjoys a prominent status among global currencies, particularly in central banks' foreign exchange reserves. This popularity is attributed to Canada's well-established legal and political stability, making the CAD a reliable choice for international transactions. In the realm of forex trading, the Canadian dollar is highly sought after, constituting approximately 5% of daily trades in the global foreign exchange market. Its liquidity and stability contribute to its widespread use in currency markets.

As of March 2024, economic indicators show a positive trend in the Canadian manufacturing sector. The S&P Global Canada Manufacturing Purchasing Managers’ Index reported a seasonally adjusted increase from 48.3 in January to 49.7 in February. This marks its highest level since April, signifying potential improvements in manufacturing activities. Such data suggests resilience and positive momentum in Canada's industrial landscape, which can have broader implications for the overall economic performance of the country.

6. Singapore Dollar
1 USD = 1.34 SGD

The Singapore dollar (SGD) stands as the official currency of Singapore, and it is also utilized in Brunei. With an exchange rate of approximately 1.34 Singaporean dollars to 1 US dollar, the SGD is deemed relatively robust, reflecting its perceived strength in the international currency market. Despite not being the most traded currency, it holds a notable position as the 13th most traded on the foreign exchange market, accounting for around 1.8% of daily forex transactions. This indicates a substantial level of global economic activity involving the Singapore dollar. Singapore Dollar is 11th on our list of Best Performing Currencies Against The US Dollar.

5. Brunei dollar
1 USD = 1.34 BND

The Brunei dollar (BND) is tenth on the list of Best Performing Currencies Against The US Dollar. It has served as the official currency for the Sultanate of Brunei since 1967. Notably, the Brunei dollar and the Singapore dollar are interchangeable at face value, with both currencies being recognized as legal tender in each respective country.

In terms of economic developments, Brunei faced challenges in 2023 as its economy remained stagnant following the global impact of the COVID-19 pandemic. The country's reliance on hydrocarbon production, particularly crude oil, contributed to economic challenges. Declines in crude oil production and a downturn in the tourism sector further hampered economic growth during this period. The combination of these factors underscores the vulnerability of Brunei's economy to external shocks, emphasizing the need for diversification strategies and resilience in the face of global uncertainties.

4. Euro
1 USD = 0.92 EUR

The euro (EUR) serves as the official currency for the Eurozone, encompassing 20 out of the 27 European Union member countries, and is placed 9th on our list of Best Performing Currencies Against The US Dollar. Introduced in physical form in 2002, the euro operates as a free-floating currency. Notable countries using it include Germany, France, and Spain. As the world's second reserve currency, the euro ranks as the second most traded currency globally, trailing only the US dollar. The EUR/USD, known as 'Fiber,' stands out as the most traded forex pair, representing nearly a quarter of daily forex transactions.

3.Swiss Franc
1 USD = 0.88 CHF

The Swiss franc (CHF) holds the status of the official legal tender in both Switzerland and Liechtenstein. Renowned for its stability, the Swiss franc is considered a safe haven currency, a reputation it earns from Switzerland's long standing political stability. Introduced in 1850, the currency experienced a brief period of being pegged to the euro before transitioning to a free-floating exchange rate.

Switzerland, recognized as one of the most stable and affluent nations globally, further enhances the Swiss franc's appeal. It serves as a safe haven for investors during periods of economic uncertainty, joining the ranks of other renowned safe-haven currencies like the US dollar (USD) and the Japanese yen (JPY).

In the global financial landscape, the Swiss franc is a significant player, holding the position as the 7th most traded currency. Its popularity in international markets underscores its importance in global trade and finance, reflecting both its stability and the confidence investors place in it during times of economic turbulence.

2.Cayman Island Dollars
1 USD = 0.83 KYD

The Cayman Islands, a British territory in the Caribbean, operates as a prominent offshore financial centre. The local currency, the Cayman Islands dollar (KYD), was introduced in the 1970s and is pegged to the US dollar, with an exchange rate of approximately 0.83 Cayman Islands dollars for 1 US dollar. This pegging makes it the sole and robust currency among Caribbean nations.

The exchange rate has been regulated by the 1974 Currency Law, updating the parity between KYD and the US dollar to KYD $1 = US $1.20. This legal framework, established in 1974, remains in effect, ensuring the stability of the Cayman Islands dollar relative to the US dollar.

1. Gibraltar Pound
1 USD = 0.79 GIP

Sixth on our list of 15 Best Performing Currencies Against The US Dollar is Gibraltar Pound. The Gibraltar pound (GIP) is recognized as the joint fifth-strongest currency globally, with an exchange rate of 1 Gibraltar pound buying 1.27 US dollars (or US$1 equals 0.79 Gibraltar pounds).

Situated at the southern tip of Spain, Gibraltar is officially a British territory. The Gibraltar pound, introduced in the 1920s, is pegged to the British pound at par, meaning that one GIP equals one GBP. While notes and coins in circulation use British names, they feature distinct designs and are only accepted within Gibraltar. The GIP is not officially recognized in the United Kingdom, but it can be exchanged for British pound sterling notes at a one-to-one ratio. Gibraltar's economy is diversified, encompassing financial services, online gaming, navigation, and tourism. The country also serves as a significant port in the Mediterranean Sea, with bunkering (fuel supply to ships) being another key industry.