Gold appreciated an average of 3.4% against most currencies through the first half of 2011. This is the list of the top twenty currencies that have outperformed gold as of the end of the Q2 2011.
| NZD |
New Zealand dollar |
0.4% |
| SEK |
Swedish Krona |
0.5% |
| BRL |
Brazilian Real |
0.5% |
| MAD |
Moroccan Dirham |
0.7% |
| MUR |
Mauritian Rupee |
1.2% |
| ALL |
Albanian Leke |
1.5% |
| PLN |
Polish Zloty |
2.0% |
| NOK |
Norwegian Kroner |
2.1% |
| COP |
Columbian Peso |
2.3% |
| XAF |
CFA BEAC Franc |
2.3% |
| COM |
CFP Franc |
2.3% |
| EUR |
Euro |
2.3% |
| DKK |
Denmark Krone |
2.3% |
| HRK |
Croatian Kuna |
2.4% |
| BGN |
Bulgarian Leva |
2.6% |
| RUB |
Russian Ruble |
3.3% |
| RON |
Romanian New Lei |
3.4% |
| CHF |
Swiss Franc |
4.8% |
| CZK |
Czech Republic Koruna |
5.0% |
| HUF |
Hungarian Forint |
6.8% |
Source: GoldSilver.com
View the full list of international currency codes.
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BEIJING, June 23 (Xinhua) -- The People's Bank of China, the country's central bank, said on Thursday that it has signed a revised bilateral currency settlement agreement with the Central Bank of the Russian Federation.
According to the revised agreement, individuals and corporations from both countries will be able to conduct settlements and payments using the yuan, the ruble and freely convertible currencies, the central bank said in a statement on its website.
In addition to border trade, ordinary trade may also be settled in both countries' official currencies, following the revision of the agreement.
The move will help promote bilateral financial cooperation, trade and investment, the statement said.
Analysts said the move will be of great significance in reducing reliance on the U.S. dollar in bilateral trade, lowering exchange rate risks and promoting the internationalization of the yuan.
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