Best Currency Report: April 2009
on: April 6, 2009, 8:15 am
Author: Adrian Jacob
Exchange specialists Currency UK are today launching their Best
Currency Performance Tables, which reveal the strength of worldwide
currencies and act as a comparison tool to show how each currency
is performing against another…
the very latest in currency reporting, check out the brand new
Best Currency Performance Tables on Currency UK.
simple to use tables not only show how well a currency is performing
in its own right, but also compares each one against other global
currencies to see how they stack up.
best and worst performing currency over the last month, six months
and year is also clearly shown. This invaluable information makes
for essential reading for all would be investors as it sets out
which currency has been the best to invest in over the past year.
Tables show that the New Zealand dollar was by far the best performing
currency over the last 28 days, up 15 per cent against the US
dollar and a whopping 17 per cent against the Japanese Yen. The
New Zealand dollar increased against every other currency included
on the list, rising 10.3 per cent on average.
strong performers were the Swedish Krona, which rose on average
6.28 per cent against other currencies. The Australian dollar
rose 3.67 on average against other currencies, rising by 10 per
cent against the Japanese Yen.
a strong showing over the last year, the Japanese Yen was the
worst performing currency over the last 28 days, falling an average
of 7.15 per cent against each other currency. The Yen’s
biggest fall was 14 per cent against the New Zealand dollar. It
also fell 9.6 per cent against the Australian dollar and 6.5 per
cent against the Euro.
weak performers were the British Pound, which fell on average
4.37 per cent against the other currencies, falling by four per
cent against the Euro and 12 per cent against the New Zealand
Jacob, Senior Account Manager at Currency UK said, “The
Japanese Yen is doing particularly badly at the moment due to
the once strong trade surplus turning into a trade deficit.
is likely to remain the case for at least the next six months
and, as Japan is no longer unique in its low interest rates, investors
have been losing interest which has obviously affected the Yen.
“In terms of performance by other currencies, the British
pound has been struggling due to quantitative easing and a lack
of risk appetite and the Australian dollar has been doing well
as it is no longer a plaything for investors as it is no longer
tied to risk appetite,” added Mr Jacob.
UK is a one stop shop for all your currency needs. Other features
on the site include 13 individual currency pages, each giving
a detailed description of a specific currency, along with advice
is also a ‘buy currency’ page on which you can buy
and sell Sterling, Euros, Dollars and all other major currencies
commission free at exceptional rates not available on the high
currency conversion page reveals the latest rates, historic charts
and tables for all of the major currencies and the Regular Payment
Service allows you to benefit from the best rates and low charges
when sending regular foreign currency payments.
Currency UK, one of the UK’s leading currency brokers, to
view the Best Performance tables or call 020 7738 0777 for more
information or to talk to a currency advisor.
Notes to editors:
in 2000, Currency UK is a foreign exchange and international funds
transfer specialist. One of the UK's leading currency brokers,
Currency UK has helped thousands of customers move hundreds of
millions of pounds around the globe.
Currency UK doesn’t have the large overheads of the major
banks, it is able to pass the savings on to customers by providing
better value for money on foreign exchange services.
UK Ltd is a member of the Association of International Property
Professionals (AIPP) and is the preferred foreign exchange partner
of The Offshore Financial Trade Association (OFTA).
further information please contact:
Senior Account Manager, Currency UK
London SW11 3RA,
020 7738 0777