Yak Peak X Worst Performing Currencies Of The World
Some Indians are thinking that our Rupee is the worst performer inward the world. But, you lot volition hold out surprised to know that the Indian currency is non the solely 1 to lose major dry soil due to geopolitical in addition to financial factors. It is solely inward 10th put in Top 10 world's worst performing currencies. Let's accept a await at the some worst performing currencies inward the world.
1st Place : Argentinian Peso : Argentine Republic is grappling amongst an unprecedented economical crisis, amongst the country's authorities taking dramatic steps to stimulate to restore confidence inward its gratuitous falling currency. Argentina's peso has fallen 52% against the dollar inward the twelvemonth 2018, inward the final five years it roughshod to a greater extent than or less 546.72%.
2nd Place : Turkish Lira : The Turkish currency, lira, has been making headlines afterward depreciating to a greater extent than or less fourscore per centum against the the States dollar then far inward 2018. Over the past times 1 week, the lira slipped over twenty per centum against the the States dollar. The steep autumn has rattled investors globally, amongst the currencies of other emerging markets besides coming nether pressure.
3rd Place : Russian Ruble : Russia’s ruble roughshod to 70.14 against the dollar this week, its lowest grade inward 2 years, pulled downwards past times a combination of the threat of novel U.S. sanctions in addition to the collapse of the Turkish lira.
Top 12 Worst Performing Currencies inward the earth (5 twelvemonth fall)
- Argentinian Peso - 546.72%
- Turkish Lira - 221 %
- Russian Ruble - 117.41%
- Brazil Real - 84%
- South African Rand - 51.42%
- Mexican Peso - 47.15%
- Indonesian Rupiah - 28.17%
- Malaysian Ringitt - 27%
- US DOllar - 18%
- Indian Rupee - 15.52%
- Chinese Yuan - 12%
- Singapore Dollar - 9.63%
Radhika Mohan
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