Emerging Asia Economics

Emerging Asia Chart Book

30 August, 2018

Asian currencies remain resilient

Asian currencies have continued to hold up pretty well over the past few weeks despite the turmoil in EM currency markets. Since the start of August, the Korean won and the Thai baht have actually appreciated against the US dollar, while the Indian rupee is the only Asian currency to have fallen by more than 2%. In contrast, the Turkish lira and the Argentine peso have fallen by 25% and 18% respectively against the greenback, while the currencies of Brazil, South Africa and Russia are down by 7-10%

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