World’s Top 10 Cheapest Currencies In 2024

Top 10 Cheapest Currencies in the world in 2024

By Priyanka Roshan, July 19, 2024

The Ugandan Shilling’s low value reflects Uganda’s economic challenges and inflation.

10. Ugandan Shilling (UGX)

1 INR = 44.2 UGX

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: AFP)

The Cambodian Riel is relatively inexpensive due to Cambodia’s economic factors and inflation rates.

9. Cambodian Riel (KHR)

1 INR = 49 KHR

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

The Paraguayan Guarani is a low-value currency, impacted by Paraguay’s economic stability and inflation. 

8. Paraguayan Guarani (PYG)

1 INR = 90 PYG

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Representative Image)

The Guinean Franc has a low value compared to the US Dollar, influenced by economic difficulties in Guinea.

7. Guinean Franc (GNF)

1 INR = 102.9 GNF

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Representative Image)

The Uzbekistani Som is low in value, reflecting Uzbekistan’s economic challenges and inflation.

6. Uzbekistani Som (UZS)

1 INR = 150.4 UZS

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

The Indonesian Rupiah’s low value results from Indonesia’s economic conditions and inflation rates.

5. Indonesian Rupiah (IDR)

1 INR = 193.6 IDR

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

The Laotian Kip, used in Laos, is relatively cheap due to the country’s economic situation and inflation.

4. Lao or Laotian Kip (LAK)

1 INR = 262.7 LAK

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Canva)

The Sierra Leonean Leone is inexpensive due to the country’s economic conditions and high inflation.

3. Sierra Leonean Leone (SLL)

1 INR = 270 SLL

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

The Vietnamese Dong is a low-value currency, influenced by Vietnam’s economic policies and inflation.

2. Vietnamese Dong (VND)

1 INR = 304.7 VND

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

The Iranian Rial is one of the lowest-valued currencies globally, primarily due to economic sanctions and high inflation in Iran.

1. Iranian Rial (IRR)

1 INR = 504.4 IRR

(Source: xe.com, Currency values in Indian rupees as of July 19, 2024, 11:51 am IST | Image: Reuters)

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