SWISS STRENGTH 55%

Finweek English Edition - - THE WEEK -

The world’s best-per­form­ing ma­jor cur­rency over the past 30 years has been the Swiss franc, which has gained 55% against the US dol­lar, ac­cord­ing to data com­piled by Stan­lib’s Kevin Lings. The loser over the same pe­riod has been the Bri­tish pound, which lost 23% of its value against the US dol­lar, Lings found. (The rand, by com­par­i­son, lost 84% against the dol­lar over the past 30 years.) The US dol­lar re­mains the most­traded cur­rency in the world (the dol­lar was in­volved in al­most 88% of all forex traded in 2016), and is also the re­serve cur­rency of the world, with 65% of cen­tral bank re­serves glob­ally held in US dol­lar, he found.

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