The Lowest Currency in the World 2023

This article intends to identify the weakest currencies in the world in 2023. This article is for information purposes only.

As a travel blogger, and thus frequent traveler, I compiled this list out of curiosity mostly. The majority of us are already familiar with the strongest currencies in the world including the United States Dollar, the Euro, and the Kuwaiti Dinar, etc.

However, many of us don’t often consider the world’s cheapest currency. I wondered what those lowest value currencies were, and in which country I could fine them. So I did a little research and came up with this list of the cheapest currency in the world.

According to the United Nations, there are a total of 180 currencies in the world.

Currently, the lowest currency is the world is the Iranian Rial (IRR). 42,155.49 IRR is equal to $1.00 USD.

If you’re curious, the highest currency in the world is the Kuwaiti Dinar (KWD). 1 KWD is equal to $3.30 USD.

Down below is a list of the lowest currency in the world from the very lowest to the 10th lowest. I also include the three letter currency code for each respective currency.

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Lowest Currency in the World 2023

Disclosure: I am not a financial analyst, stock trader, currency expert, currency trader, or anything else related to money and currency. I am not giving financial advice and this article is for informational purposes only.

The information for this article was obtained through my own research and verifying currency exchange rates at XE.

Before you take a trip, make an investment, or make any other decisions related to foreign currency, you are encouraged to do your own research and confirm current exchange rates at the time you are traveling.

I would also like to add that I am not recommending travel to the destinations or countries below. Prior to planning a trip, please conduct research on the safety and stability of the region to which you wish to travel.

While I am not a currency expert, it is common knowledge that the strength of a nation’s currency is related to the strength of a nation’s economy. We also know that the strength of a nation’s economy is also an indicator of the stability of that nation.

In cases where currency is weak, you may find instability, conflict, and civil unrest, among many other concerns. Please travel responsibly.

1. Iranian Rial

The Iranian Rial (IRR) is the lowest valued currency and the weakest currency in the world in 2023. The IRR is the official national currency of Iran.

• 1 USD = 42,173.36 IRR
• 1 EUR = 45,035.37 IRR

2. Vietnamese Dong

The Vietnamese Dong (VND) is the second lowest valued currency in the world in 2023. The VND is the official currency of Vietnam.

• 1 USD = 23,634.85 VND
• 1 EUR = 25,238.52 VND

3. Indonesian Rupiah

The Indonesian Rupiah (IDR) is the third lowest valued currency in the world in 2023. The IDR is the official currency of Indonesia.

• 1 USD = 15,191.72 IDR
• 1 EUR = 16,222.51 IDR

4. Sierra Leonean Leone

The Sierra Leonean Leone (SLL) is the fourth lowest valued currency in the world in 2023. The SLL is the official currency of Sierra Leone.

• 1 USD = 19,735.08 SLL
• 1 EUR = 21,073.32 SLL

5. Laotian Kip

The Lao or Laotian Kip (LAK) is the fifth lowest valued currency in the world in 2023. The LAK is the official currency of Laos.

• 1 USD = 16,882.62 LAK
• 1 EUR = 18,028.40 LAK

6. Uzbek Sum

The Uzbek Sum (UZS) is the sixth lowest valued currency in the world in 2023. The UZS is the official currency of Uzbekistan.

• 1 USD = 11,350.41 UZS
• 1 EUR = 12,120.52 UZS

7. Guinean Franc

The Guinean Franc (GNF) is the seventh lowest valued currency in the world in 2023. The GNF is the official currency of the Republic of Guinea.

• 1 USD = 8,764.25 GNF
• 1 EUR = 9,358.25 GNF

8. Paraguayan Guarani

The Paraguayan Guarani (PYG) is the eighth lowest valued currency in the world in 2023. The PYG is the official currency of Paraguay.

• 1 USD = 7,281.33 PYG
• 1 EUR = 7,775.24 PYG

9. Cambodian Riel

The Cambodian Riel (KHR) is the ninth lowest valued currency in the world in 2022. The KHR is the official currency of Cambodia.

• 1 USD = 4,096.85 KHR
• 1 EUR = 4,374.75 KHR

10. Colombian Peso

The Colombian Peso (COP) is the eighth lowest valued currency in the world in 2023. The COP is the official currency of Colombia.

• 1 USD = 4,794.61 COP
• 1 EUR = 5,119.17 COP

I hope you’ve enjoyed this quick guide to the lowest currencies in the world. If you’d like to see the other end of this spectrum check out my post on the highest currencies in the world. As always, thanks for reading.