The Weakest Currencies In 2020
The Weakest Currencies In 2020
Let's face it: 2020 hasn't been the best year for the world economy. But however bad things are going... they could always be worse. Much worse, as it turns out. To demonstrate this, let's take a look at the weakest currencies in 2020. We'll see how they stack up compared to the good old USD.
Image by HeatherPaque from Pixabay
5. Uzbek Sum
1 USD = 10,134 UZS
Image by LoggaWiggler from Pixabay
Uzbekistan is a former Soviet Republic, so it's only had its own currency since 1994. Unfortunately, the country's economy has struggled in recent years, leading the Sum to have a very low exchange rate.
4. Indonesian Rupiah
1 USD = 14,786 IDR
Photo by Jeremy Bishop on Unsplash
Indonesia is a large, populous, and lush country. However, slow GDP growth in recent years has led to a currency crash that lands the Rupiah on this list. The same could be said for other Asian currencies, which leads us to...
3. Vietnamese Dong
1 USD = 23,260 VND
Photo by Ammie Ngo on Unsplash
The Vietnamese Dong is famously one of the most anemic currencies on earth. The main reason is that Vietnam has a balance of trade deficit, and there's low demand for the Dong.
2. Iranian Rial
1 USD = 42,043 IRR
Photo by Foroozan Faraji on Unsplash
Years of sanctions have taken their toll on Iran's currency. Recently, the Iranian government announced they will be taking steps to address this. Soon, they will replace the rial with a new currency called the toman. One toman will be worth 10,000 rial under this new system.
1. Venezuelan Bolívar
1 USD = 201,300 VES
Pixabay
It's no surprise that Venezuela finds itself on this list. Despite its oil wealth, the country has been in a state of anarchy for years. Political instability has caused the economy to spiral out of control, resulting in a currency that is effectively worthless.
We hope you enjoyed reading about the world's weakest currencies!
READ MORE
This home sale was expected to be routine. Then a small detail surfaced during paperwork review: the homeowner is listed as a 1% owner on another property. That single line of text is now dominating conversations with lenders and tax professionals.
Siblings who jointly inherit the family home don't always see eye to eye on what should be done.
You'd think earning $400,000 annually would silence every financial worry rattling around your head at 3 AM. But here's the uncomfortable truth: wealth doesn't automatically equal peace of mind. If you're pulling in six figures and still checking your bank balance obsessively, calculating whether you can "afford" a vacation, or feeling that familiar knot in your stomach when unexpected expenses arise, you're experiencing something psychologists increasingly recognize as a legitimate phenomenon. Whether rooted in childhood poverty, sudden wealth acquisition, or the very real pressures of maintaining an upper-middle-class lifestyle in today's economy, financial anxiety at high income levels deserves examination rather than dismissal.
The promise was simple: work hard, stay loyal, and retirement would take care of itself. Decades later, that contract lies in pieces, and an entire generation is walking away from jobs that stopped delivering years ago. Why?
Wellness startups sell a powerful idea. Better health, calmer lives, meaningful work, and often a promise of doing good while earning returns. That mix attracts everyday investors who want more than stocks and spreadsheets. Then reality hits. After putting $4,000 into a wellness retreat startup, the founder vanished. Messages stopped. Updates dried up. Social accounts went quiet. Confusion quickly turned into worry. Situations like this sit in a gray area between business risk and something more troubling. Not every failed startup involves wrongdoing, yet disappearance raises serious questions. Understanding what went wrong matters before taking action. Legal remedies exist, though results vary. After all, financial protections depend on how the money is moved. Plus, practical steps can also improve recovery odds, even when outcomes feel uncertain. The goal now shifts from growth to damage control. So, here’s how to assess your options and respond strategically.
You finally did it. You bought the dreamy vacation home. Lake views, quiet mornings, maybe even a fire pit. And then the inspection report ruins everything: the septic system is failing, and the estimate to fix it is hovering around $40,000. Suddenly the dream smells…off.
Disclaimer
The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
Dear reader,
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
Warmest regards,
The Moneymade team
Image by HeatherPaque from Pixabay
Image by LoggaWiggler from Pixabay
Photo by Jeremy Bishop on Unsplash
Photo by Ammie Ngo on Unsplash
Photo by Foroozan Faraji on Unsplash
