Financial Professionals


Global Currencies YTD


Historically, global currency markets tend to establish any prevailing trend for the year by the middle of the year. With the calendar quickly approaching its halfway mark, it is a good time to check in on year-to-date performance for the major global currency markets.

2014 Top 20 Spot Currencies in US$

  1. Brazilian Real                      +6.33%
  2. Indonesian Rupiah               +5.65%
  3. New Zealand Dollar             +5.43%
  4. Australian Dollar                  +3.91%
  5. Japanese Yen                     +3.30%
  6. Indian Rupee                       +2.75%
  7. Turkish Lira                         +2.38%
  8. South Korean Won              +1.99%
  9. Norwegian Krone                 +1.95%
  10. British Pound                      +1.91%
  11. Swiss Franc                        +1.75%
  12. Singapore Dollar                 +1.07%
  13. Euro                                   +0.97%
  14. Danish Krona                      +0.92%
  15. Malaysian Ringgit                +0.62%
  16. Czech Koruna                      +0.58%
  17. Israeli Shekel                       +0.44%
  18. Colombian Peso                 +0.19%
  19. Hong Kong Dollar               +0.02%
  20. South African Rand             Unchanged

2014 Bottom 12 Spot Currencies in US$

  1. Argentine Peso                   -18.52%
  2. Russian Ruble                     -8.22%
  3. Chilean Peso                       -6.62%
  4. Canadian Dollar                   -3.17%
  5. Chinese Renminbi                -3.04%
  6. Hungarian Forint                  -2.52%
  7. Swedish Krona                    -1.59%
  8. Taiwanese Dollar                 -1.08%
  9. United States Dollar            -0.70%
  10. Polish Zloty                        -0.29%
  11. Peruvian New Sol                -0.21%
  12. Mexican Peso                     -0.01%

Some important currency charts to keep an eye on…

Figure 1: Japanese Yen – uncomfortably close to the 200-day moving average

Source: Bloomberg

Figure 2: U.S. Dollar – trading very close to its average for the past 7 years

Source: Bloomberg

Figure 3: Chinese Renminbi – trading in 2014 counter to its 7-year bullish trend

Source: Bloomberg

Figure 4: Indian Rupee – 2014 appreciation above its 200-day moving average

Source: Bloomberg

Figure 5: South Korean Won – trading favorably higher in 2014

Source: Bloomberg

Figure 6: Australian Dollar – past 7 years highly correlated to China GDP

Source: Bloomberg

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.