Currencies with Top Billing Fortifying Against U.S. Dollar
💸 **Global Currencies That Shined **
🌐 Here's a peek at the international currencies that scorched the US dollar in 2025!
🎉 Top Performers
From January to April 2025, the Russian ruble slayed the competition, gaining a whopping 38.8% against the almighty greenback! According to RIA Novosti's analysis of exchange rates data, the Russian currency grabbed the crown for the most appreciated currency this year.
A Little Austrian Pride 🇦🇺🇦🇺
Taking the second spot on the podium are the Swedish and Czech korunas, which sprinted up by 14.8% and 11.1%, respectively.
🇦🇫🇨🇭 The Swiss franc and Japanese yen leveled up with a 10.1% appreciation each.
European domination 🌍
The euro, Polish zloty, and Norwegian krone trailed closely, each maintaining a steady pace with a gain of 9.8%, 9.4%, and 9%, respectively.
The Rest of the Pack 🌟
The British pound, Mexican peso, and New Zealand dollar elevated themselves by 6-7%, while the Singapore dollar, Philippine peso, and South Korean won scalled up by 4-5%.
💰 The Losers
Unfortunately, the Argentine peso and Turkish lira could not keep up, slipping down by 11.3% and 8.1% against the dollar, respectively.
📊 Factors Affecting Exchange Rates
Trade Surplus, Monetary Policy, Exporter Behavior, and Shift in Investor Sentiment each played a pivotal role in the Russian ruble's significant surge.
- Russia's trade surplus of $18.5 billion in the first two months of 2025, a 15% year-on-year increase, contributed significantly to the ruble's strength.
- The Central Bank of Russia boosted the ruble's value by raising the key interest rate to 21%.
- Following Donald Trump's return to office, cautious optimism about potential improvements in relations with the West, a partial lifting of sanctions, and an end to the war in Ukraine enhanced the ruble's value.
- The conversion of foreign earnings into rubles by Russian exporters also fueled the currency's strength.
In 2025, the Czech koruna joined the top performers, appreciating by 11.1% against the US dollar, following the lead of the Russian ruble which had a remarkable 38.8% increase. The finance sector is expected to see the Czech koruble's continued growth throughout the year as it maintains its momentum.
