Navigation

Currency and Oil

If you think that oil exports have to do with the value of a countries exchange rate, take a look at these!

The shape of their economy makes all the difference in the world. Look at Russia, the number two biggest oil producer and their exchange rate is low. Then look at Venezuela at number 13th and their exchange rate is outstanding!

Ranking     Country                                         Barrels Per Day                   Exchange Rate to the USD
1	Saudi Arabia	         10,520,000         0.26660 
2 Russia 10,130,000 30.9624
3 United States 9,688,000 1.00
4 China 4,273,000 6.35073
5 Iran 4,252,000 10,726
6 Canada 3,483,000 0.96819
7 Mexico 2,983,000 13.8533
8 United Arab Emirates 2,813,000 0.27218
9 Brazil 2,746,000 0.55617
10 Nigeria 2,458,000 157.221
11 Kuwait 2,450,000 0.27574
12 Iraq 2,408,000 1,151.41
13 Venezuela 2,375,000 0.23257
14 European Union 2,276,000 0.74086
15 Norway 2,134,000 0.17236