EN
Open the app
Get the AIsier app Get it on Google Play

Emerging Market Currency Stress

Sharp depreciation episodes in emerging-market currencies: capital outflows, import inflation and central-bank intervention.

Asset classes: Forex, Commodities

Dated events

  1. · Bank of Thailand floats the baht, abandoning its dollar peg
    Thailand's currency lost half its value within about six months as foreign investors pulled money out. This sparked a chain reaction across Asia as other countries' currencies fell sharply and their economies contracted.
  2. · Russia devalues the ruble and defaults on its domestic debt
    Russia stopped paying its debts and let its currency plummet. The ruble lost 75% of its value, causing prices for imported goods to spike and wiping out people's savings.
  3. · Argentina ends the peso's one-to-one dollar peg and devalues after bank freeze
    Argentina ended its decade-old rule of one peso per dollar, a month after the government froze bank accounts to stop people from withdrawing money. The peso went on to lose about 75% of its value by mid-2002. Prices for imported goods rose sharply and unemployment soared.
  4. · Bernanke signals the Fed may slow bond buying; emerging-market currencies fall
    Currencies in India, Brazil, Indonesia and other developing countries dropped sharply as foreign investors rushed to move money back to the United States. Import prices rose and central banks spent billions trying to support their currencies.
  5. · Turkish lira falls up to 18% in a day as Trump doubles metal tariffs on Turkey
    Turkey's currency fell 40% in a few months due to political tensions and economic problems. The sharp drop made imported goods much more expensive for Turkish consumers and businesses.

Assets named in this scenario · 22

Akbank T.A.S.ASELSAN Elektronik Sanayi ve Ticaret Anonim SirketiBanco SantanderBBVABIM Birlesik Magazalar A.S.Brazilian Real (BRL)Enka Insaat ve Sanayi A.S.Gold · Gold FuturesIndian Rupee (INR)Koç Holding A.S.Mexican Peso (MXN)Sasa Polyester Sanayi A.S.South African Rand (ZAR)TelefónicaTürk Hava Yollari Anonim OrtakligiTurkish Lira (TRY)Turkiye Garanti Bankasi A.S.Türkiye Halk Bankasi A.S.Türkiye Is Bankasi A.S.Türkiye Petrol Rafinerileri A.S.Türkiye Vakiflar Bankasi Türk Anonim OrtakligiUniCredit S.p.A.

Recently triggered by news

Matched keywords: currency crisis, lira plunges, currency intervention, capital outflows, devaluation, emerging market selloff, kur krizi, lira değer kaybetti, devalüasyon

See how this scenario relates to your assets

Your portfolio, plain-language analyses, price alerts and the AIsier chat, together on your phone.

Get it on Google Play
App Store: coming soonContinue on the web

Free to download. AI analyses use credits; the app shows the cost before you start.

AIsier does not give investment advice. Every figure on this page is a measurement of past prices or a quote from a named source, never a recommendation to buy, sell or hold.