Business Economy

The currencies of emerging markets fell sharply against the dollar in 2011

The U.S. dollar rose in 2011, not only against the major currencies of the developed countries, but also against most currencies of developing countries,informed the agency Financial MarketWatch on Friday.

The course of the dollar has posted the strongest dynamic in relation to South African rand and Turkish lira, which fell 24% against the dollar since early 2011.

The Indian rupee has meanwhile declined by 19% against the dollar. The Brazilian real and Mexican peso, in turn, lost both of nearly 13% of their value against the U.S. dollar.

According to MarketWatch the Russian ruble has depreciated 5.3% against the greenback.

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