We’re all familiar with the US Dollar’s struggles during this economic downturn. However, it is necessary to put its ups and downs into perspective with the other major world currencies to get an accurate picture of the actual fluctuations in rates of exchange. The National Bureau of Economic Research declared the official start of the recession was in December of 2007, so we have compared exchange rates from June of 2007, just before the recession came into full effect, and June of 2009. All currencies are expressed as a percentage of change in relation to the US Dollar. Our latest map takes a look at how the world’s currencies are faring during this recession.
26 Comments so far
leave a commentNice way of presenting financial information, and the rouble is getting a beating like never before.
I keep my eye on the exchange rates and tbh I’ve been impressed by how well the Aussie Dollar has faired throughout the global financial crisis. A 5% drop against the greenback is a strong result….so far. The AUD vs GBP has been much more painful for British – one British Pound is now barely worth 2 Aussie dollars – the lowest its been in a long long time.
That is not a mexican peso.
That is not a mexican peso.
Why are my comments being deleted?
Those damned Communist Chinese can’t be trusted, what a shame that their economy isn’t like ours. We need to regain our dominance over the economy, the way it’s supposed to be!
go to http://trackthisnow.com and type in currency
gives you the *latest* story on every country’s currency in the world. they overlay it on a map as well
Steve
I can’t see on the infographic whether it’s Iceland or the UK getting economically thumped – probably both.
Would have been interesting to see how gold plotted against currencies…
very nice..
Infographics like this are hopelessly misleading, please don’t give them more attention than they deserve. It’s bad enough to see them on hysterical wingnut blogs, but on reputable sites like mint it’s even worse.
http://scienceblogs.com/goodmath/2009/02/financial_morons_and_quadratic.php
The drop in sterling is no accident, but a planned strategy.
nice map,I know that the US : CNY went down from 8.83 : 1 to 6.83 : 1.
It looks to me like in creating the infographic, you used the currency data to vary the diameter of the coins and not their total area. That makes the coins in this graphic misleading, since it looks like some currencies have done much worse than they actually have. For example, compared to Canada’s coin, Mexico’s coin is over three times larger than it should be.
Inflation rates haven’t gone up too badly in North America, compared to Asia where it’s going to get a lot worse in the next few months.
That’s interesting, but skewed. The start date was when the US dollar was at one of it’s lowest points globally in the last 30 years.
If this graph had it’s start date extended six to twelve months earlier, it would show much different results.
a planned strategy
If you don’t want to actually buy currency in other countries (like go and physically buy it, or open up a FOREX account) a good way to diversify across exchange rate risk would be to buy shares in foreign companies that DON’T pay dividends in dollars.
Another good way to address this is would be to buy shares in companies that are multinational. For example companies like the Coca Cola corporation (KO) and Exxon Mobile are diversified internationally and are thus less affected by fluctuations in the US dollar.
Thanks,
James
If in fact our economic downturn started in December 2007, all the more reason to take D.C. to task and ask WHY? Why was our nation allowed to be faced with this derelict crisis? Why are the elected senators and representatives of every state not fighting to preserve our way of life?
I cannot understand why there is no recommendation to FREEZE any and all ACTION on any and all legislation until everyone is on the same page and we have worked through the SO CALLED CRISIS!!!!! GodHave Mercy.
Great infographic…
As a currency and commodity trader, I really appreciate how mint.com and Ross Crooks have depicted currency values in an easy to understand format. However, one has to keep in mind that while lots of currencies have loss value against the dollar since 2007, the dollar is historically week versus most currencies. Also, if anyone would like to know more about currency trading and its role in the global economy, check out my blog post entitled “What is Foreign Currency Trading?” http://thehardworkingdollar.com/2009/07/28/what-is-foreign-currency-trading/
Hi,
Your site has gotten my attention on how the currencies used by various countries have been affected by currency rates.
I believe that everyone should enjoy this site: http://currate.com/map.php as it’s the world’s first Google World Map Currency Conversions with Currency Images used by over 200 countries. Try it – you’ll love it.
there is a mistake on mexico`s currency, the coin shown is the argentinian peso, i think that the error disminishes the actual value of the information
I’m really not sure of the usefulness of this graphic. I know for example the Bank of Canada works hard to keep our dollar low against the U.S. dollar. Several times our dollar has approached parity with the greenback and been pushed back, not by any strength in the U.S. market, but by our own government.
With the ability to manipulate currency, it makes me wonder what the other governments depicted are doing to/with their currencies.
Just based on that this graphic is more-or-less meaningless other than as a snapshot of a particular day. Based on this chart ( http://snurl.com/t6nn7 ) it also makes me wonder which day this is a snapshot of.
Global business/leisure travelers – can click their mouse to nearly a thousand destinations on nifty Currate.com’s Google World Currencies Map site
http://currate.com/map (forgot to add the link)
China is kicking our ass by out-working, out-sacrificing and out-smarting the USA. More people that are hungrier to work harder than we are. If you believe anything else, you live in a world I wish I lived in.
Instead of a Mexican Peso you put an Argentinian peso!!