On the positive side, the currency has gradually increased in value over time. Amrita Pritam is the Vice President – PR & Marketing at BookMyForex. When free, Amrita loves to read realistic fiction and spiritual books. Ensure that the exchange service you are using is authorized by the Reserve Bank of India (RBI).
- The exchange rate affects the pricing of goods and services in a foreign currency.
- In March 2023, the Lebanese pound sank to a record low against the U.S. dollar.
- Uzbekistan has been transitioning from a state-controlled economy to a more market-oriented model, but this reform process has caused currency instability.
- In this article, we shall discuss the weakest currencies in the world, ranked against the Indian Rupee (INR), and delve into key factors that cause the depreciation of a currency.
How Do Currency Exchange Rates Work?
I am using BookMyForex services from past 4 years & I always had hassle free dealings. I highly recommend BookMyForex for your maiden visit & you will surely use them in future. It has been close to a decade since BookMyForex is assisting me in all my Forex needs.
The Cost of Conflict and Instability
This trading puts a price on one currency relative to another, and that price is called the exchange rate. 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. 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.
Weakest Currencies: 2023 Global Ranking
The Vietnamese government has long pursued a policy of controlled devaluation to support its export-led economy. The value of the Cambodian Riel is low since Cambodia’s economy is dollarised, with major transactions in US dollars. High inflation, as well as low international demand for the Riel, are major causes of its low value. The higher the interest rate, the more the currency’s value will decrease. Again, this is an essential factor that can affect the exchange rate. The president’s policies, including immigration policies, have negatively impacted the country’s economy, which still affects the country’s development.
We’ve identified the 10 weakest currencies in the world, based on their relative value against the U.S. dollar. The Indian economy has averaged a growth rate of 6.13% between 2006 and 2023, which makes it one of the fastest growing in the world. This includes Foreign Direct Investment (FDI) into physical projects and Foreign Indirect Investment (FII) by foreign funds into Indian financial markets. The greater the level of investment, the higher the demand for the Rupee (INR). Fluctuations in Dollar-demand from Indian importers also impact INR.
- Many people think of the strongest currencies in the world, and the U.S.
- The economy of India stands fifth in the world, still, Rupee is under pressure due to inflation, fiscal deficit, and reliance on energy imports.
- Analyze the market sentiments & identify the trend reversal for strategic decisions.
The Iranian Rial remains one of the most devalued currencies globally, with an exchange rate near 1 INR ≈ 497 IRR. Decades of economic sanctions, particularly from the United States, have crippled Iran’s ability to engage in global trade, thereby squeezing its access to foreign currency. The low value of the Indonesian Rupiah stems from the country’s experience with financial crises, over-reliance on commodity exports, and vulnerability to fluctuations in global markets.
Last week, India’s Chief Trade Negotiator Rajesh Agrawal-led team also fled Washington for the next round of trade talks. The delay in trade confirmation by both economies has prompted anxiety among investors. The Sri Lankan Rupee (LKR) has experienced significant devaluation in recent years. Her career spans writing on personal finance with expertise in the cryptocurrency market. She’s fond of venturing into the unknown and counts finance, entertainment, and fashion as her top interest areas.
Exchange rates affect the cost of goods and services from one country to another. 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. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.
Weakest Currencies in the World In 2025
Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Mongolia is around ₹ 50,000 to ₹ 70,000. The average daily expense for a budget traveler in Mongolia is around ₹ 2,200 to ₹ 3,700, 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 Indonesia is around ₹ 15,000 to ₹ 25,000. The average daily expense for a budget traveler in Indonesia is around ₹ 1,400 to ₹ 2,800. Flight Tickets and Daily Expenses – The average range of price of flight tickets for a roundtrip from India to Bolivia is around ₹ 80,000 to ₹ 1,20,000. The average daily expense for a budget traveler in Bolivia is around ₹ 1,400 to ₹ 2,800, which includes accommodation, food, transportation, and sightseeing.
It is relatively stronger than most of the world’s weakest currencies but relatively weaker compared to major global currencies like the USD, Euro, and Pound. Its strength has to be ranked better than those countries whose exchange rate is much lower than Indian Rupee such as Vietnam, Venezuela, and Iran. Indonesia’s economy depends heavily on natural resource exports, and the fall in commodity prices has significantly impacted its value. With inflation rising and insufficient foreign currency reserves, the value of the Rupiah continues to drop, ranking it as one of the weakest currencies in the world. Uganda’s high dependence on agricultural exports such as coffee has left its economy in a vulnerable state. Chronic inflation, political instability, increased debt burden, and rising trade deficit have resulted in the Uganda Shilling undervaluing in comparison with the majors’ global currencies, including INR.
Currency Comparison: World Currencies VS Indian Currency Exchange Rates
This article explores the ten weakest currencies in the world compared to the INR, offering insight into the broader economic conditions behind their devaluation. Despite Vietnam’s impressive growth, the Vietnamese Dong remains weak, mainly due to government policies that favour a low exchange rate to boost exports. The currency’s low value makes Vietnamese products competitive internationally, but it also reflects the past economic struggles of the nation. The nation has also faced other factors in the past years-economic stagnation, including civil strife and infrastructure developing at a slow pace. In conclusion, this list of the top 10 weakest currencies weakest currency in the world to inr in the world reveals the many challenges these economies face.
A Volatile Yet Resilient Economy
The Democratic Republic of Congo faces significant challenges, including armed conflict, corruption, and inadequate infrastructure. While not as fundamentally weak as others on this list, the Rupiah suffers from long-standing volatility due to its exposure to global commodity prices and external debt. Sierra Leone is heavily dependent on mineral exports, particularly diamonds and iron ore, making it vulnerable to global price fluctuations. The lack of economic diversification, high inflation, and a narrow tax base have all contributed to the currency’s persistent weakness.
Sierra Leone has experienced serious issues, including civil war, political instability, poverty, and the Ebola outbreak that devastated the country in 2014. These factors have led to a sharp fall in the value of Leone over the years. There have been attempts for recovery, but economic problems still persist. Currency value is believed to be the ultimate symbol of the strength of a country’s economy and the level to which it is interconnected with the rest of the world through trade. However, not all currencies have been able to maintain their values.
The currency is currently highly devalued, but the chances of the currency improving are high, considering the improvement in the economy. The economy of India stands fifth in the world, still, Rupee is under pressure due to inflation, fiscal deficit, and reliance on energy imports. Economic mismanagement is linked to an overreliance on oil exports and massive corruption that led to the severe fall of Bolívar’s value. The country experienced a devastating economic collapse resulting in high inflation, corruption, high unemployment, and increased poverty.
The nation suffers from widespread corruption and political unrest, which have weakened its currency. Year after year, the value of the nation’s currency continues to decrease. The country has a history of scandals, corruption, and wars in Western Africa, including a devastating civil war.
