The US dollar is the only major currency to show growth in 2024
6 January 16:12
In 2024, the US dollar was the only major currency in the world to show profitability. All other currencies fell in price. This is evidenced by data from the TradingView platform, according to Komersant ukrainskyi.
The US dollar gained 7.1%. This figure shows its rise in price in the financial markets. This growth is largely attributed to Donald Trump ‘s victory in the US presidential election. His campaign promises to cut taxes and revive the country’s economy prompted a positive reaction from the markets.
All other key currencies fell to varying degrees. The British pound suffered the least losses (-1.7%). The euro fell by 6.2%, almost equal to the dollar. The Russian ruble (-18.6%) and the Brazilian real (-21.6%) suffered the most.
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A full list of the dynamics of 15 major currencies and the Ukrainian hryvnia in 2024
- US dollar – 7.1%;
- British pound – -1.7%;
- Mexican peso – -2%;
- Chinese yuan – -2.8%;
- Indian rupee – -2.8%;
- South African Rand – -3.7%;
- Euro – -6.2%;
- Swiss franc – -7.3%;
- Canadian dollar – -7.9%;
- Australian dollar – -9.1%;
- Japanese yen – -10.3%;
- Ukrainian hryvnia – -10.4%;
- New Zealand dollar – -11.4%;
- South Korean Won – -12.4%;
- Russian ruble – -18.6%;
- Brazilian real – -21.6%.
Among the non-major currencies, the best performers were the Kenyan shilling (20.7%) and the Sri Lankan rupee (10.9%). The worst performers were the Lebanese pound (-82.2%) and the Ethiopian birr (-55.7%).
Meanwhile, the hryvnia continues to depreciate in exchange rates.
