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To: ms.smartest.person who wrote (1550)8/16/2002 12:15:37 PM
From: ms.smartest.person  Read Replies (1) of 5140
 
Currencies against the dollar

Aug 17th 2002
From The Economist print edition

So far this year, the yen and the euro have climbed by an eyebrow-raising 12% and 11% respectively against the dollar. Much more striking, however, have been the collapses of Latin American currencies: Argentina's peso has shed almost three-quarters of its value against the greenback; the Venezuelan bolivar has dropped by 45%; Brazil's real has fallen by 28%, with much of that decline during the past few weeks. The Indonesian rupiah and the South Korean won, both clobbered by the markets in 1998, have made strong gains this year. The South African rand, the Czech koruna and the Hungarian forint have also climbed by more than 10% against the dollar.

economist.com

Copyright © 2002 The Economist Newspaper and The Economist Group. All rights reserved.

economist.com
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