LONDON Jan 30 Emerging market currencies have
depreciated sharply in recent months against the dollar, forcing
central banks to raise interest rates or spend billions of
dollars in their defence.
The Turkish lira, Brazilian real, Indonesian
rupiah and South African rand have suffered the
biggest losses among freely-traded currencies in the past year,
followed by the Indian rupee and Russian rouble,
according to this interactive heatmap:
In Argentina, the peso has fallen almost 40 percent against
the dollar, a consequence of the authorities' decision
this month to loosen their grip on the closely managed currency.
In the past year, only a handful of currencies have managed
to stay in the black. These include the Chinese yuan and
the Polish zloty.