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Rupee among worst performing currencies in the world
While Indian rupee is in a free fall, it's not the only currency that's witnessing turbulence.
Let's take a look at the performance of some of the major currencies around the world.
Source: Business Insider
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Rupee among worst performing currencies in the world
Swiss franc
Currency code: CHF
Country: Switzerland
Performance against the dollar since May: Up 2 per cent
Overall rank in strength: 1
Switzerland, which has one of the world's highest per capita incomes, is the favourite destination of foreign investors.
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Rupee among worst performing currencies in the world
Pound sterling
Currency code: GBP
Country: Great Britain
Performance against the dollar since May: Up 1.7 per cent
Overall rank in strength: 2
Great Britain, which has one of the most globalised economies in the world, is witnessing a surge in foreign investment.
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Rupee among worst performing currencies in the world
Japanese yen
Currency code: JPY
Country: Japan
Performance against the dollar since May: Up 0.6 per cent
Overall rank in strength: 3
Japan, which has the world's third-largest economy, is the leader in automobile and electronics manufacturing.
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Rupee among worst performing currencies in the world
Swedish krona
Currency code: SEK
Country: Sweden
Performance against the dollar since May: Down 0.2 per cent
Overall rank in strength: 4
Sweden, which has one of the most capitalist economies in the world, focuses more on export than import.
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Rupee among worst performing currencies in the world
Taiwan dollar
Currency code: TWD
Country: Taiwan
Performance against the dollar since May: Down 1 per cent
Overall rank in strength: 5
Taiwan, which has invested a lot in China, Thailand and Indonesia, is one of the biggest economies in the world.
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Rupee among worst performing currencies in the world
South Korean won
Currency code: KRW
Country: South Korea
Performance against the dollar since May: Down 1 per cent
Overall rank in strength: 6
South Korea, one of the fastest growing countries in the world, relies heavily on oil and gas imports.
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Rupee among worst performing currencies in the world
Canadian dollar
Currency code: CAD
Country: Canada
Performance against the dollar since May: Down 3 per cent
Overall rank in strength: 7
Canada, whose economy is dominated by the service sector, also has major logging and oil industries.
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Rupee among worst performing currencies in the world
Norwegian krone
Currency code: NOK
Country: Norway
Performance against the dollar since May: Down 3.1 per cent
Overall rank in strength: 8
Norway, a sparsely populated country, has some of the biggest reserves of petroleum, natural gas, minerals, lumber and seafood.
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Rupee among worst performing currencies in the world
New Zealand dollar
Currency code: NZD
Country: New Zealand
Performance against the dollar since May: Down 5.8 per cent
Overall rank in strength: 9
New Zealand, which depends a great deal of international trade, has been called one of the most business friendly countries in the world.
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Rupee among worst performing currencies in the world
Mexican peso
Currency code: MXN
Country: Mexico
Performance against the dollar since May: Down 6.3 per cent
Overall rank in strength: 10
Mexico, which has trade agreements with more than 40 countries, has been pushing rapid reforms in many sectors, including telecommunications, electricity generation and energy.
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Rupee among worst performing currencies in the world
Thai baht
Currency code: THB
Country: Thailand
Performance against the dollar since May: Down 7 per cent
Overall rank in strength: 11
Thailand, which has well-developed industrial and service sectors, has unemployment rate of just 0.7 per cent.
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Rupee among worst performing currencies in the world
Turkish lira
Currency code: TRY
Country: Turkey
Performance against the dollar since May: Down 11 per cent
Overall rank in strength: 12
Turkey, one of major manufacturers of consumer electronics, ships and other transportation equipment, has a largely developed market.
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Rupee among worst performing currencies in the world
South African rand
Currency code: ZAR
Country: South Africa
Performance against the dollar since May: Down 11.5 per cent
Overall rank in strength: 13
South Africa, which has the largest economy in Africa, has pretty diversified sectors, including food processing, telecommunication and energy.
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Rupee among worst performing currencies in the world
Australian dollar
Currency code: AUD
Country: Australia
Performance against the dollar since May: Down 11.7 per cent
Overall rank in strength: 14
Australia, one of the biggest economies in the world, has a booming mining and service sector.
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Rupee among worst performing currencies in the world
Indian rupee
Currency code: INR
Country: India
Performance against the dollar since May: Down more than 15 per cent
Overall rank in strength: 15
India, which has the third-largest economy based on purchasing power parity, has a booming service sector.
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Rupee among worst performing currencies in the world
Brazilian real
Currency code: BRL
Country: Brazil
Performance against the dollar since May: Down 15.4 per cent
Overall rank in strength: 16
Brazil, which has the largest economy in Latin America, has more billionaires than any other Latin American nation.