Cheapest Currencies in the world with Exchange Rates in 2025
South Korea is a country of historic architecture and there are many tourist attractions in Seoul, Gyeongju and Buyeo. It has a rich and unique culture, is the oldest Buddhist temple, and offers delicious and healthy cuisine at affordable prices. It is a world-class nation with various ancient music and dances which attracts a large number of tourists from different countries. While travelling is something that everyone eagerly waits for, it can be quite expensive. Many people wonder how can we travel without spending much money on food, accommodation and other amenities? However, there are countries that have lower currency value than Indian Rupee that you can visit.
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Check out our guide explaining the basics of foreign exchange movements. The Ugandan Shilling is in 10th place on the list, with INR 1 equal to 43 UGX. The shilling has been weak for many years, particularly because of the major issues during Idi Amin’s rule in the 1970s. As a result, the shilling remains one of the weakest currencies in the world today. Laos has a very small economy and depends a lot on foreign help and investment. The Vietnamese dong has been a weak currency for a long period of time, with INR 1 equal to 296 VND.
This has kept the value of its currency low, and ongoing government weakest currency in the world to inr issues are restricting its progress. The Indonesian rupiah is another weak currency, with INR 1 equal to 184 IDR. Indonesia depends a lot on selling natural resources, but falling prices have severely harmed its economy. Market hikes and not enough foreign currency have made things harder for the rupiah. The Sierra Leonean leone is the third weakest currency in the world, with INR 1 equal to 268 SLL.
Top 10 Cheapest Currencies In The World In 2025
Bookmyforex by far has the best conversion rates with the least hassles and extremely supportive staff. I recommend every prospective student or traveler going aboard to use Bookmyforex and experience their amazing service. Their staff is really helpful throughout the process and the rates applied are also lesser compared to other forex providers. Laos has a very small economy that is still dependent on foreign aid and investment. Although projects like the new railway linking Laos to China may grow its economy, the value remains low due to limited industrial development and reliance on external assistance. The higher the interest rate, the more the currency’s value will decrease.
Ugandan Shilling (USH)
- The countries that are believed to be less expensive than India are Vietnam, Nepal and Sri Lanka among others due to low cost of living and weaker currencies.
- Vietnam is one of the most affordable holiday destinations in the world, and it has a lot to offer.
- In the late 80s and early 90s, due to political disabilities, the public confidence in Riel was led by foreign investment in the Country.
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Much of Mongolia’s terrain is gently rolling grassland with some desert areas and mountain ranges in the south and west. Government debt has a tendency to scare off investors from using the currency, thereby reducing the local currency’s demand and weakening. While many are familiar with the strongest and most influential world currencies, the least-valued or cheapest ones often remain obscure. The names and issuing countries of these currencies can be elusive knowledge for most of us. Tourism and agriculture are Cambodia’s most significant income streams. The country has a dual-currency system, with U.S. dollars also valid as legal tender.
- Laos has a very small economy and depends a lot on foreign help and investment.
- Political unrest and an annual inflation rate that has been topping 40% are additional factors contributing to currency and economic weakness in Iran.
- In this article, we have provided a list of countries currency less than Indian Rupee.
- Have you ever wondered which country has the lowest currency in the world or which country is less expensive to travel around?
- The currency has been weak due to years of political problems, corruption, and slow growth.
The country’s reliance on exports for foreign exchange also means that fluctuations in commodity prices directly impact the value of the currency. The growth of strong currencies determines the performance of a country’s economy, purchasing power, and balance with other countries in international trade. It is quite important for traveling people, investors, or businesses to know how relatively strong their destination country’s currency is.
Interest Rate
The Covid-19 pandemic impacted the country’s economy, though the data suggests that Uzbekistan resumed its internal operations in the third quarter of 2022. However, the decrease in industrial output has increased the currency’s future unpredictability. The Lao or Laotian Kip is not a devalued currency but one that has had a low rate since its introduction in 1952. Also, a railway is planned to connect Beijing to Laos, which might draw investors to this small country. Although it is the cheapest currency, it is a promising one for improving its value.
Lao/Laotian Kip (LAK)
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. And we see where Indian Rupee stands among the rest in the global platform and get to know some of the cheapest countries compared to India. The Iranian Rial (IRR) is one of the weakest currencies globally due to economic sanctions, political instability, and inflation.
South Korea’s Won has the 10th weakest currency value against the Indian Rupees. When it comes to currencies that are weaker than the Indian rupees, the Indonesian Rupiah comes third in the list. The Belarusian Rubles is currently the second weakest currency against the Indian Rupees. Paraguay is a must-visit place for those who want to travel full of adventure. From sports activities to water rappelling, or hill climbing to rafting, this place offers affordable sports activities to enjoy. For Indian tourists, it is quite surprising that Paraguay has a lower currency value than the Indian Rupee which will add benefits to your trip.
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There are many natural attractions in Chile that will keep you busy during your visit. If you’re looking for a wild adventure and an interesting culture, Chile is hard to beat. Also, this is a country with the lowest currency value than India, which means INR 1 is equal to 11.53 Chilean pesos which makes it an affordable destination to travel for Indians. Pakistan is a popular tourist destination and there are many things to do here.
The Iranian Rial is presently the lowest currency in the world because of economic sanctions, inflation, and political unrest in that country. Vietnam is much cheaper than India with the Vietnamese Dong being one of the world’s weakest currencies. Economic mismanagement is linked to an overreliance on oil exports and massive corruption that led to the severe fall of Bolívar’s value.
The currency’s value drops when foreign capital is scant, and interest rates are low. Still, the som remains a weak currency, held back by slowing economic growth, steep inflation, high unemployment, extensive corruption and chronic poverty. The dynamics of currency values are complex and influenced by a myriad of factors ranging from internal economic policies to global geopolitical developments. While the currencies listed are among the lowest compared to the INR, they offer a deep insight into the socioeconomic challenges and opportunities within these nations.
While the pandemic initially impacted the nation’s economy, internal operations resumed in the third quarter of 2022. The decline in industrial output has since been addressed, and the economy is now on a growth trajectory. Vietnam has historically operated under a centralised economy, and while efforts have been made to establish a market economy, there is still a long way to go. Currently, the Vietnamese Dong is experiencing a considerable devaluation. Nevertheless, it is possible to identify specific national currencies that have recently experienced significant devaluation. This article will explore the ten cheapest coins in the world at the moment, relative to the US Dollar and the Indian Rupee.