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Asian currencies appreciate against dollar

The euro, pound and yuan weakened against the dollar in September, but other Asian currencies appreciated, impacting business between different economies.

The euro fell by 0.6 per cent against the US dollar in the month, increasing its year-to-date decline to 8.66 per cent. The currency is down by 6.8 per cent compared to the same month last year.

The pound dropped by 2.5 per cent against the dollar in the month, putting it behind by 0.9 per cent on a year-to-date basis, and reducing its year-over-year gain to under 0.2 per cent.

The Indian rupee rose by 1.88 per cent against the dollar in September, tempering its year-to-date slide to 0.8 per cent. Compared to this time last year, the currency is down by almost 1.85 per cent.

The Indonesian rupiah increased by 4.2 per cent in September, resulting in a year-to-date increase of 0.9 per cent and a year-over-year increase of more than five per cent.

The Pakistani rupee rose 0.7 per cent in September, down 3 per cent from the same month last year, and more than 4 per cent for the year-to-date.

The Chinese yuan fell very slightly against the dollar in September and ended the month 0.5 per cent higher for the year so far.


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