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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.