Currency Volatility Tracker

Arab Triangle Sets Pace for Currency Volatility

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The Sudanese pound (shown above) was the world's most volatile in the opening quarter of 2021 falling 588% against the U.S. dollar.

The Arab nations of Sudan, Libya and Syria formed a devaluation triangle stretching from the heart of the middle east to north central Africa.

Three nations with thinly-traded currencies that were remarkably stable at the outset of the coronavirus pandemic last year have suddenly undergone devaluations to create a whirlwind of volatility in global currency markets in what was an otherwise normal opening quarter, according to the latest data from the Currency Volatility Index (CVI). 

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