"Previously, beyondbrics looked at stock exchange winners and losers of 2013. Now it’s the turn of the EM currencies.
Which currencies felt the full force of the 2013 sell-off, and which survived unscathed?
The chart below shows the top and bottom 10 currencies in dollar spot terms, for the year. The pattern is pretty clear: central and eastern Europe did fine; the fragile five or Biits (Brazil, India, Indonesia, Turkey and South Africa) really were fragile.
At the top, if we take out the renminbi which is closely controlled, the four most solid currencies are all from the CEE region – the lev, leu, zloty and forint, which all strengthened against the dollar.
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'via Blog this'
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