Currency Question

The currency market is indeed a very complex market influenced by many factors. The national economy of course would be the strong backbone of the currency of the country. Honestly speaking, I have been studying the market too, but still cannot follow the day to day fluctuations of the world curriencies.

The prized currency today is still undoubtedly the dollar. It might be a surprise with the US economy tottering how this is possible. Classified on the basis of the equivalent units of currency required to purchase or the equivalent units of currency obtained in exchange, then may be the Kuwaiti Dinar might be highly valued. The composite currency of Euro is priced between the Pound Sterling and the dollar and is quite stable. But the need for a particular currency is decided by the trade equations between countries in general. The exchange value of a currency is fixed on the basis of the net of exports and imports of the country and the general demand for the currency in the market. The least wanted currency would be of a country where government machinery had failed as it was the case some years ago in the erstwhile USSR then CIS in the initial months/years, and now the independent states. I am only guessing but Pakistan rupee may be a least wanted currency because of political instability.