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
...
Rupee among worst performing currencies in the world
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
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
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.
...
Rupee among worst performing currencies in the world
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
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
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
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
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
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
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
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.
...
Rupee among worst performing currencies in the world
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.
...
Rupee among worst performing currencies in the world
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
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
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.
...
Rupee among worst performing currencies in the world
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.
article