currency

🟢 Currency Winners
Russia’s ruble was the strongest-performing currency of 2025, rising by nearly 44% against the U.S. dollar despite ongoing sanctions.Tight monetary policy, capital controls, and a strong trade balance helped support the currency.European currencies posted moderate gains, including the Swedish krona, euro, and Swiss franc, as U.S. dollar momentum weakened.The Swiss franc also benefited from its long-standing safe-haven status.Latin American currencies such as the Mexican peso and Brazilian real outperformed, supported by high interest rates, carry-trade demand, and a rebound from losses in 2024.The Canadian dollar saw modest gains, reflecting relatively stable economic conditions.
🔴 Currency Losers
Venezuela’s bolívar experienced the steepest collapse, losing over 80% of its value amid persistent hyperinflation and prolonged economic instability.Argentina’s peso continued to decline, weighed down by chronic inflation and ongoing foreign exchange pressures.Turkey’s lira weakened further, as inflation concerns and loose monetary policy undermined investor confidence.Ethiopia’s birr declined sharply, reflecting foreign exchange shortages and broader economic strain.South Sudan’s pound fell by around 14%, impacted by internal conflict, pipeline disruptions, and reduced oil export revenues.India’s rupee weakened moderately, driven by capital outflows and persistent trade imbalances rather than a sudden economic shock.
🔑 Key Takeaways
Currency losses in 2025 were far more extreme than gains, highlighting the asymmetric nature of currency risk.High interest rates and tight policy frameworks helped support stronger-performing currencies.Inflation and weak economic fundamentals remained the primary drivers of severe currency depreciation.A softer U.S. dollar amplified both gains and losses across global currencies.
📌 Data & Methodology
Metric: Percentage change in currency value vs U.S. dollarPeriod: January 1 to December 31, 2025Source: Exchange-Rates.org (USD exchange rates)$SOL $BNB