BIGGEST FALL OF EMERGING MARKET CURRENCIES IN 5 YEARS

Highlights:

• The current fall is due to the coronavirus pandemic and constant fall in the crude oil prices.
• The MSCI Emerging Market Currency Index fell by 6% in the January-March period in the present year.
• The South African rand and the Tu...

Turkish currency dropped

The huge drop in Turkey’s lira valuation in the wake of the Turkish military advance into Syria has made it October’s worst-performing major currency, a move that looks even starker considering most emerging market currencies have powered ahead.

The lira is no stranger to vo...