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Comparing Asian currencies to the US dollar

Comparing Asian currencies to the US dollar

2020 has been a challenging year for economies across the world, with previously strong currencies enduring protracted declines and previously steady currencies succumbing to periods of volatility.

Comparing various Asian currencies with the US dollar (USD) can provide an insight into how different parts of the continent have coped with the tough economic conditions throughout the year.

By utilizing the USD as a fixed point of comparison, it becomes easier to see which Asian currencies boast upward mobility and which currencies are understandably stagnating. 

How to compare Asian currencies

Asia is a vast, heterogeneous region that cannot be treated as a single economic entity, so it is worth identifying three major currencies to represent their part of the continent.

The USD is the world’s dominant currency, so the greenback provides the logical means of comparison. Given that it drives the world’s largest economy and underpins many smaller national economies, the reach of the US dollar is extensive.



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