Entering 2026, a number of currencies are still stuck in a zone of very low nominal value against the US Dollar (USD). Although several countries are showing positive Gross Domestic Product (GDP) growth, the historical burden of inflation and dependence on certain commodities means that the nominal value of some countries' currencies remains among the lowest globally.
The following is a list of currencies that currently have the lowest exchange rates against the US Dollar:
Despite being in the top 10, the rupiah exchange rate of around IDR 16,000 per USD is still much more stable than Iran's, which has exceeded IDR 1.1 million per USD due to inflation and economic sanctions. Interestingly, the nominal exchange rate difference can reach 70×, but this does not automatically reflect a country's purchasing power or economic strength. According to Morningstar data, this underscores that the measure of the “weakest currency” is more about denomination and stability, not just the exchange rate against the dollar.
Source: Morningstar/ via goodstats.id
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