10 Currencies That Got Slammed In Q3

Currency

Photo: flickr / Images_of_Money

Global currencies experienced extreme volatility in Q3.  Sovereign debt concerns and the desire for safer currencies caused currency traders to flee the Euro and various emerging market currencies.  The Swiss franc and Japanese yen, which were considered safe havens, suddenly became less safe as central banks intervened to contain rapid appreciation.We’ve compiled a list of the 10 bills that performed the worst against U.S. dollar most over the past three months. They’re spread over five continents, and some of them are pegged to others.

Ugandan Shilling

Quarter Performance: -9.97%

YTD Performance: -18.94%

Source: Bloomberg

Chilean Peso

Quarter Performance: -10.11%

YTD Performance: -9.96%

Source: Bloomberg

Kenyan Shilling

Quarter Performance: -10.92%

YTD Performance: -9.53%

Source: Bloomberg

Turkish New Lira

Quarter Performance: -12.53%

YTD Performance: -16.79%

Source: Bloomberg

Russian Ruble

Quarter Performance: -13.41%

YTD Performance: -5.12%

Source: Bloomberg

Mexican Peso

Quarter Performance: -15.30%

YTD Performance: -10.76%

Source: Bloomberg

Hungarian Forint

Quarter Performance: -15.68%

YTD Performance: -4.34%

Source: Bloomberg

South African Rand

Quarter Performance: -15.87%

YTD Performance: -17.61%

Source: Bloomberg

The Lesotho Loti, Namibian Dollar and Swaziland Lilangeni experienced identical declines as they are all tied to the South African Rand on a 1:1 exchange.

Polish Zloty

Quarter Performance: -16.54%

YTD Performance: -9.85%

Source: Bloomberg

Brazilian Real

Quarter Performance: -16.62%

YTD Performance: -11.40%

Source: Bloomberg

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