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 Turkish lira are at the lowest levels after a fall of 26% and 15% respectively as compared to December 2019.

The emerging market curre....