USEUROPEAFRICAASIA 中文双语Français
Home / Business

Exchange rates on another roller coaster ride?

By Kenneth Rogoff | China Daily | Updated: 2008-12-24 07:41

Exchange rates on another roller coaster ride?

The year of 2008 has been an exceptionally tumultuous year for exchange rates. The US dollar soared, the Japanese yen went into orbit, the euro fell to earth, and the British pound crashed, leaving a giant crater.

Emerging-market currencies were hammered, as were "commodity currencies" such as the Canadian, Australian, and New Zealand dollars, and the South African rand. Indeed, the currency of any country that is significantly dependent on commodity exports has suffered.

So, what will the New Year bring for exchange rates?

Exchange rates on another roller coaster ride?

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US