Currency Volatility Tracker

Syria's Currency Most Volatile in 3rd Quarter

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Reuters
The Syrian pound has been hammered since civil war broke out in the country in early 2012 declining some 858% against the U.S. dollar.

War-torn Syria leads the way in currency volatility for the third quarter as the result of yet another devaluation as world currencies become slightly more erratic. 

Syria's currency, the pound, was the world's most volatile in the third quarter with a volatility rate of 21.3 percent followed by Liberia at 10.6 percent and Nigeria, Africa's largest country, at 6.7% as overall currency volatility edged upward slightly from the previous quarter.  The Syrian pound declined 142 percent against the dollar in the third quarter, the highest devaluation of any world currency.

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