Major Currencies See Appreciation: Just another week of volatility or early signs of COVID-19 recovery?

An update on currency volatility during the COVID-19 outbreak

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AIRINC has been providing weekly updates to spot rates of major currencies on our COVID-19 landing page. The global spread of the COVID-19 pandemic and its economic impacts landed a major blow to the global economy last month, made worse in light of volatility in oil markets sparked by controversy within OPEC+. The result has been historic depreciation in even traditionally stable currencies and unprecedented uncertainty.

The last week of March saw unprecedented depreciation. While year-to-date depreciation of many currencies remains high, several major currencies saw an appreciation bump last week between April 6-13.

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Michelle Curran

Americas Marketing Manager, AIRINC

Marketing manager posting global mobility content authored by experienced industry experts at AIRINC.

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