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)