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home / news releases / FXSG - A Closer Look At Emerging Market Currency Instability


FXSG - A Closer Look At Emerging Market Currency Instability

(Source - Pexels/Min An)

Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems.

Last year was particularly bad as we saw major declines in the Turkish lira, Argentine peso, and the Brazilian real, not to mention the complete collapse of the Venezuelan bolivar. This year has been a mixed bag; besides the 25% overnight decline in the Argentine peso, there has mostly been slow downward trends or a "pause" in currency

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Stock Information

Company Name: Invesco CurrencyShares Singapore Dollar Trust Rydex Investments
Stock Symbol: FXSG
Market: NYSE

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