When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. In India, exchanging currency requires specific documentation, such as your passport, travel visa, air ticket, and PAN card. Different providers may have slightly different requirements, so it’s important to confirm beforehand. Carry both original and photocopies of the documents to expedite the process. The Afghan Afghani has witnessed tremendous value volatility in the last decade, courtesy the civil warfare that the country is witnessing.
Bookmyforex by far has the best conversion rates with the least hassles and extremely supportive staff. I recommend every prospective student or traveler going aboard to use Bookmyforex and experience their amazing service. Their staff is really helpful throughout the process and the rates applied are also lesser compared to other forex providers. Laos has a very small economy that is still dependent on foreign aid and investment. Although projects like the new railway linking Laos to China may grow its economy, the value remains low due to limited industrial development and reliance on external assistance. The higher the interest rate, the more the currency’s value will decrease.
The Indonesian Rupiah has been a weak currency for the past 7 years because of commodity prices that are falling, the lack of foreign currency, and the reduction in foreign exchange reserves. Indonesia’s economy is mostly based on natural resources, and with such a large percentage of sovereign bonds held by foreign investors, this makes the value of the currency go even lower. Paraguay is rich in natural resources, and hydroelectric power is a significant contributor to the economy. However, the overall development and infrastructure limitations have kept the Guarani at a low valuation compared to other currencies in the region.
As a tourist, you will find many affordable places to visit, top-rated hotels to stay and delicious food of your choice within your travel budget. With its captivating landscapes, waterfalls, beaches and wildlife habitats; this country serves as an ideal place for adventure lovers. And is one of the famous countries where the Indian rupee is stronger, here 1 Indian Rupee here is equal to 8.16 Costa Rican Colon. Situated in the heart of the tropics, it will offer affordable tourist destinations, you can book your flight to Costa Rica, and get luxurious hotels to stay within your travel budget. The Ugandan Shilling is one of the weakest currencies, mainly brought about by the damages due to Idi Amin’s rule in the 1970s and some disastrous economic policies.
Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Zimbabwe is around ₹ 45,000 to ₹ 65,000. The average daily expense for a budget traveler in Zimbabwe is around ₹ 2,800 to ₹ 5,600, which includes accommodation, food, transportation, and sightseeing. Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Laos is around ₹ 25,000 to ₹ 40,000.
Currency values keep on fluctuating due to factors like inflation, political stability, and the nation’s governance. While some currencies hold strong on the global stage, others stand weak. Here in this blog, let’s have a look at the 10 weakest currencies of 2025 along with reasons behind the weakening and its value in terms of INR. First, the termination of the Islamic Revolution in 1979 was followed by foreign investors’ withdrawal from the country.
The information provided by Forbes Advisor is general in nature and for educational purposes only. Any information provided does not consider the personal financial circumstances of readers, such as individual objectives, financial situation or needs. Forbes Advisor does not provide financial product advice and the information we provide is not intended to replace or be relied upon as independent financial advice. Your financial situation is unique and the products and services we review may not be right for your circumstances. Performance information may have changed since the time of publication.
It offers wonderful views of many fountains, tree-lined streets and pleasant parks. Vietnam is one of the most affordable holiday destinations in the world, and it has a lot to offer. The country’s beaches are among the best in South East Asia and its capital city, Hanoi offers plenty of things to do for tourists. From historical sites like the Ho Chi Minh Mausoleum to modern marvels such as Bitexco Financial Tower, Vietnam has everything that an ideal tourist destination needs. The Vietnamese Dong struggles with the transition from a centralised to a market economy, and investor caution regarding capital investment in the country keeps the value of the dong low.
While high-valued currencies often grab headlines, those on the lower end of the spectrum are equally significant, reflecting various economic challenges and conditions. Here’s an insightful look into the ten lowest-valued currencies compared to the Indian Rupee as of April 2024. Djibouti is a land of rich wildlife, sightseeing, multicoloured culture and tradition. Being one of the cheapest countries in the world, it is the best place to explore water bodies, national parks and long beaches. Uzbekistan is one of the biggest attractions for most travellers and is considered the 5th safest country to travel in the world. Uzbekistan is a beautiful country with a rich history, architecture and amazing sightseeing.
The Sierra Leonean leone is the fourth-weakest currency in the world, with 1 leone buying 0, dollar (or $1 equals 17,665 Sierra Leone leones). Iran’s currency has been squeezed by economic sanctions, including those the U.S. reimposed in 2018 and others the European Union has repeatedly imposed. The Iranian rial is currently the weakest currency in the world, with INR 1 equal to 500 IRR. Its value has significantly reduced over the years because of political and economic problems in Iran, starting with the 1979 Islamic Revolution. Economic restrictions, particularly the ones related to Iran’s nuclear program, have made things worse.
The currency’s value drops when foreign capital is scant, and interest rates are low. Still, the som remains a weak currency, held back by slowing economic growth, steep inflation, high unemployment, extensive corruption and chronic poverty. The dynamics of currency values are complex and influenced by a myriad of factors ranging from internal economic policies to global geopolitical developments. While the currencies listed are among the lowest compared to the INR, they offer a deep insight into the socioeconomic challenges and opportunities within these nations.
I had a great experience with BookMyForex during my travel to Sweden. These guys have an excellent Service, best market rates and a high level of professionalism. I am a graduate student at the Carlson School of Management with my roots in Banglore.
High inflation, corruption, a high unemployment rate, and a rise in poverty resulted from a devastating economic collapse. In March 2023, the International Monetary Fund cautioned that a global economic contraction could put renewed pressure on the rupiah. The dismal ranking of the rupiah shows that bigger isn’t always better.
The Iranian Rial is presently the lowest currency in the world because of economic sanctions, inflation, and political unrest in that country. Vietnam is much cheaper than India with the Vietnamese Dong being one of the world’s weakest currencies. Economic mismanagement is linked to an overreliance on oil exports and weakest currency in the world to inr massive corruption that led to the severe fall of Bolívar’s value.
16 de diciembre de 2022
Publicado en: Forex Trading