The US dollar is the currency of the United States and several other countries. It is the world’s primary reserve currency and is held by most central banks and commercial banks globally. Because of its widespread adoption, the US dollar also accounts for around 88.3% of daily trades in the foreign exchange market.
The US dollar holds many first-place titles, including the richest country in the world, but remarkably only comes 10th when ranked as a contender for the world’s strongest currency.
All currencies on this list are compared for their currency strength relative to the US dollar. Therefore, the US dollar appears at 10th position, as 1 US dollar is worth exactly that - 1.0 US dollar. Read more about trading our US dollar index, which is a basket of currency pairs with the USD as the base currency. This includes major forex pairs such as USD/JPY and USD/CHF.