rediff.com
News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff.com  » Business » Rupee among worst performing currencies in the world
This article was first published 10 years ago

Rupee among worst performing currencies in the world

Last updated on: August 23, 2013 15:02 IST

Image: Cars drive over a bridge towards central Melbourne in Australia.
Photographs: Mick Tsikas/Reuters

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

...

Tags: 1

Rupee among worst performing currencies in the world

Image: People walk on Zurich's main shopping street Bahnhofstrasse in Switzerland.
Photographs: Arnd Wiegmann/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: A view of Houses of Parliament and London Eye in central London, United Kingdom.
Photographs: Stefan Wermuth/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo, Japan.
Photographs: Kimimasa Mayama/Reuters

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.

...

Tags: JPY , Japan

Rupee among worst performing currencies in the world

Image: A view of Stockholm in Sweden.
Photographs: Ints Kalnins/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: A view of Taipei 101 building in Taiwan.
Photographs: Pichi Chuang/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Gangnam subway station in the Gangnam area of Seoul, South Korea.
Photographs: Lee Jae-Won/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: A view of the Montreal skyline from Mont-Royal mountain in Canada.
Photographs: Shaun Best/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Royal Palace at the end of Karl Johans Gate in Oslo, Norway.
Photographs: Suzanne Plunkett/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: A view of Auckland, New Zealand.
Photographs: Stefan Wermuth/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Ice skaters on a rink in Mexico City's Zocalo Square in Mexico.
Photographs: Edgard Garrido/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: A skytrain passes over vehicles on road in Bangkok, Thailand.
Photographs: Kerek Wongsa/Reuters

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.

...

Tags: THB , Thailand

Rupee among worst performing currencies in the world

Image: A view of Istanbul's financial district in Turkey.
Photographs: Murad Sezer/Reuters

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.

...

Tags: Turkey , TRY

Rupee among worst performing currencies in the world

Image: Cityscape of Johannesburg in South Africa.
Photographs: Euroluftbild.de/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Shoppers are seen at an outdoor mall in Melbourne, Australia.
Photographs: Mick Tsikas/Reuters

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.

...

Rupee among worst performing currencies in the world

Image: Pigeons fly as clouds gather over New Delhi's Connaught Place in India.
Photographs: Buddhika Weerasinghe/Reuters

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.

...

Tags: INR , India

Rupee among worst performing currencies in the world

Image: A view of Refice in northeast Brazil.
Photographs: Bruno Domingos/Reuters

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.