Strongest Currency of 2015? Bitcoin (And 2010, 2011, 2012, 2013)

(Change against US $ at 12 December 2015 against rates one year ago)

  1. Bitcoin (XBT) +21%
  2. Israeli Shekel (ILS) +2%
  3. US Dollar (USD)
  4. Swiss Franc (CHF) -2%
  5. Japanese Yen (JPY) – 2%

Bottom 5 weakest currencies in 2015

  1. Venezuelan Bolivar (Black market rate) -78%
  2. Ukrainian Hryvnia (UAH) -34%
  3. Brazilian Real (BRL) -33%
  4. South African Rand (ZAR) -31%
  5. Colombian Peso (COP) -28%

The FX markets in 2015 have been defined by the De-Risking phenomenon: investors have fled from risk into the main hard currencies, namely XBT(Bitcoin), USD, CHF and JPY. They have retreated from VEF, UAH, BRL, ZAR, COP, RUB.

XAU (Gold) weakened somewhat, a signal perhaps that it is losing its safe haven status.

Bitcoin (XBT)

Note that the money used in the world’s freest financial system — Bitcoin — has appreciated the most, and the money used in the world’s most Socialist and regulated economy — Venezuela — has lost the most value.

Bitcoin was also the world’s strongest currency in 2010, 2011, 2012 and 2013. (But in 2014 it was the world’s worst performing currency.)

Source: https://medium.com/@BambouClub/best-and-worst-performing-currencies-in-2015-d1e62088bc29#.a93tw9fh9

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