The rapidly changing economic situations in these countries present a challenge. Government debt or public debt is government-owned debt and a public liability. If one country faces debt, the chances of having more money are slight, with the potential of causing inflation. Foreign investors would be in two minds about investing considering the high inflation, which would depreciate the currency’s value.
The economy of India stands fifth in the world, still, Rupee is under pressure due to inflation, fiscal deficit, and reliance on energy imports. Nepal is one of the most beautiful countries in the Himalayas, which offers spirituality, views of the highest mountains and natural beauty to its travellers. Situated on the board of India, Nepal is considered to be the cheapest country to visit around the world. Also, it is the best tourist place with the oldest Hindu temple and the oldest Buddhist temple.
Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Nepal is around ₹ 10,000 to ₹ 15,000. The average daily expense for a budget traveler in Nepal is around ₹ 2,800 to ₹ 4,700. The currency has been weak due to years of political problems, corruption, and slow growth. Even though Guinea has lots of valuable natural resources, like minerals, the country hasn’t been able to develop other industries.
Iranian Rial is currently regarded as the lowest currency in the world. Economic sanction, political unrest and hyperinflation have resulted in significant devaluation of the currency from time to time. The government often failed to keep a balance between exchange rate and internal inflation rates which has made the Rial a currency with low purchasing power. Here is a more comprehensive view of the world’s weakest currencies, based on their exchange rate with USD and INR. While strong currencies often grab attention, the weakest ones reveal deeper stories about global economic health. Currency value is seen as a symbol of a country’s economic strength and its integration with global trade.
Top 10 Lowest-Valued Currencies in the World and Their Exchange Rates in India
- The dynamics of currency values are complex and influenced by a myriad of factors ranging from internal economic policies to global geopolitical developments.
- The country has a history of scandals, corruption, and wars in Western Africa, including a devastating civil war.
- Due to the lower currency value of the Indian Rupee, it is on the list of countries where the Indian rupee is high.
- Uzbekistan is a beautiful country with a rich history, architecture and amazing sightseeing.
The currency of Sri Lanka is Rupee or LKR, which has been weak nowadays, thus it becomes much cheaper for Indian tourists. The Vietnamese Dongs is the lowest lowest currency value in the world against or compared to the Indian Rupees. The Indian Rupees Currency has a much higher value (stronger currency value) than many other currencies in the world. Given that the economy of Laos is small and heavily dependent on foreign aid, there exists projects that may trigger development, such as the just-built railway to China. Since its establishment in 1952, the value of the Lao currency has remained weakest currency in the world to inr relatively low.
BookMyForex Pvt Ltd
- It has beautiful natural scenery, from the beaches of Java to the volcanoes of Sumatra, to the tropical jungles of Borneo.
- I recommend every prospective student or traveler going aboard to use Bookmyforex and experience their amazing service.
- From taking tours near the glaciers and waterfalls to horseback riding across volcanic deserts and exploring lava tubes – Iceland really does offer something for everyone.
- Uzbekistan’s economy has shown significant improvement, resulting in a stronger currency.
- Nepal is one of the countries where the Indian rupee is stronger, i.e. 1 Indian Rupee is equal to 1.62 Nepalese Rupee, which makes it an affordable destination for Indian tourists.
The Dinar is not commonly traded on the international market, which limits its liquidity and further affects its value. As you plan your travels or delve into the economics of different countries, understanding currency values becomes crucial. The nation has also faced other factors in the past years-economic stagnation, including civil strife and infrastructure developing at a slow pace. When it comes to travelling to Zimbabwe on a budget, also this destination to save more money and spends more time with families and friends. With interesting fact, here 1 Indian Rupee is equal to 4.58 Zimbabwean Dollar (ZWD). That is, you can get simple food to eat, great hotels to stay in at affordable prices and discount flights from India to Zimbabwe for your trip.
All Countries With Lower Currency Value Than Indian Rupees 2022
The world’s 2nd weakest currency lower than Indian Rupees is Belarus. For those interested in exploring more about global currencies and their impact on trade, investment, and economics, staying updated with reliable financial news sources is crucial. Such knowledge not only informs financial decisions but also fosters a deeper comprehension of global economic interdependencies. In the vast and complex world of global finance, currencies play a crucial role in shaping economies.
Sierra Leonean has faced many problems like war, political issues, and poverty; the Ebola outbreak in 2014 made things even worse for the country. Because of these challenges, the Leone has significantly lost its value over the years. Despite being a country rich in oil, gold and coffee, Uganda and its currency have been hobbled by a record of unstable economic growth, sizable debt and political unrest. Fluctuating exchange rates give investors opportunities to profit from trading in foreign currencies.
Top Zero Markup Credit Cards for Forex Transactions in India in 2025
These are the countries with currencies lower than India and will give you both comfort and entertainment at an affordable price. Uzbekistan is moving from a controlled governmental economy to a market-oriented one, but political issues, inefficiencies keep the som weak. Sierra Leonean Leone has lost enormous value due to poverty and corruption, the civil war in the country, as well as the Ebola break-out in 2014. Economic failures in this nation have significantly weakened their currency. I am a happy customer of Bookmyforex, who joined in June 2016 and had never faced any difficulty in getting money transferred.
The New Israeli Shekel is one of the strongest currencies of the Middle East and relatively much stronger compared to Indian Rupees. The strength of the currency is partly because the country has advanced tech sectors and a strong export economy. While INR is stronger than most of the currencies in the list above, it is far less weaker than the strongest money in the world, such as the US Dollar, Euro, and Sterling Pound.
Iran’s currency, the rial, is the weakest globally with 1 INR equaling 505 IRR. Factors like the Islamic Revolution and political unrest caused foreign investor withdrawal, plummeting its value. Laos remains heavily dependent on imports, and the economy of the country, though growing, still suffers from inflation and inefficient production within the country, which makes the Kip weak. In the list below of currency that are of low value than Indian Rupees, we have also included each country’s currency value rates against the Rupees. A gem among Africa’s safari destinations, Zimbabwe boasts of some of the most spectacular untamed wilderness, wildlife encounters and experiences that are hard to find anywhere else on earth.
“The medium-term economic outlook in Paraguay remains favorable, but there are risks from a worsening global outlook and extreme weather events,” the International Monetary Fund explained in April 2023. A fiat currency is money that isn’t tied to the worth of a physical commodity like gold or silver. But there are several countries with currencies lower than the Indian rupee, which basically means you can visit the country without caring too much about your bank balance. The Paraguayan Guarani is in eighth place, with INR 1 equal to 92 PYG. Paraguay faces issues like high prices, poverty, and unemployment, which have made the guarani weak. While farming has improved, the economy is still struggling immensely.
Currency Exchange Rate
Understanding the weakest currencies provides insights into global economic conditions and financial stability. While strong currencies are usually well known, the lowest-valued ones often go unnoticed. We’ve identified the 10 weakest currencies in the world, based on their relative value against the U.S. dollar. Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Tanzania is around ₹ 40,000 to ₹ 60,000. The average daily expense for a budget traveler in Tanzania is around ₹ 2,100 to ₹ 4,200, which includes accommodation, food, transportation, and sightseeing.
Known as the land of millions of elephants, it has magnificent waterfalls, amazing French colonial architecture and Buddhist monasteries. Chile is a country which means where the land ends and is the deepest point of the earth. Situated between the Andes and the Pacific, Chile is the longest country in the world.