Currency Volatility Tracker

Unsafe Safe Havens?

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istockphoto/CreditPulse
The currencies of Japan and Switzerland, two of the world's most developed nations, were among the most volatile in Q1-2021.

Two of the world's most important, and safest, currencies suffered unusually large declines against the dollar to start the year.

The Japanese yen and Swiss franc, two of the world's most important currencies, fell 7.16 and 6.51 percent respectively against the U.S. dollar in the opening quarter of 2021, an unusual development for two currencies generally seen as safe-havens during times of increased risk.  Both currencies were among the 16 most volatile in the world with volatility rates over 2 percent.

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