currencies of South Korea, Indonesia, Thailand and India will considerably strengthen its position in world currency markets in the next year against growth of economies in the Asian region, quickly recovering from the negative effects of the global crisis, says the agency Bloomberg. In particular, according to analysts, the South Korean won, Taiwan dollar, Indonesian rupiah and the Indian, and Thai baht will get the first 12 places in the ranking of the most powerful currency, Bloomberg on the basis of analyzing the performance of 34 currencies in the world. At the same time, they will demonstrate high growth rates against the dollar - from 2 to 6%.
Asian currencies strengthened against the dollar, even if the local central bank will decide on their sale in order to prevent the negative impact of exchange rate appreciation on the volume of national exports, thereby increasing their gold reserves. One of the main factor in this process will be rapid recovery of Asian countries from the global financial crisis - so that today the values of the indices of share platforms 15 of the 18 countries in the region exceeds the corresponding value of the index of stock prices 500 largest by market capitalization companies in the U.S. SP 500.
Investors will continue to invest in Asian currencies and central banks could no longer continue to accumulate reserves without any side effects, - commented on analysts' predictions of the London unit Bank of New York Mellon Corp. Simon Derrick (Simon Derrick). They have to allow their currencies to rise, - he adds, explaining the law of currency appreciation in the region.
expected that the leader among Asian currencies in the next year will be won. According to estimates of analysts, the course of South Korean currency against the dollar will add 7.4% to September 30, 2010. In this regard, it has a great chance to change the Japanese yen as the strongest Asian currencies - the same is projected to lose 6.7% yen to the dollar and 13.1% to vone.
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