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.
Quarter Performance: -15.87%
YTD Performance: -17.61%
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.