Visualizing Currencies’ Decline Against the U.S. Dollar
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Visualizing Currencies’ Decline Against the U.S. Dollar
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In a highly volatile and difficult year for many currencies and equities, the U.S. dollar has been a safe haven for investors.
The greenback has provided exceptional stability, with almost every currency around the world declining against the U.S. dollar in 2022.
This graphic visualizes almost 50 years of the Dollar Index’s returns along with the decline of major currencies against the U.S. dollar in the past two years using price data from TradingView.
U.S. Dollar and Major Currencies’ Returns in 2022
As shown in the graphic above, the past two years have seen nearly every major currency lose value against the U.S. dollar.
One of the currencies hit hardest is the euro, which briefly fell below parity (meaning the euro was worth less than one U.S. dollar) in September and October of 2022, before recovering with a 5.3% rally in November.
| Currency | 2021 Returns | 2022 YTD Returns |
|---|---|---|
Japanese Yen (JPYUSD)  | -10.4% | -14.7% |
Indian Rupee (INRUSD)  | 2.0% | -9.6% |
Pound Sterling (GBPUSD)  | -1.1% | -8.0% |
Chinese Yuan (CNYUSD)  | 2.7% | -8.6% |
Euro (EURUSD)  | -7.0% | -6.0% |
Canadian Dollar (CADUSD)  | 0.7% | -6.6% |
Australian Dollar (AUDUSD)  | -5.7% | -5.2% |
Swiss Franc (CHFUSD)  | -3.0% | -1.1% |
2022 YTD Returns as of December 14th 2022. (Source: TradingView)
However, the Japanese yen was the (Read more...)