Currency Brief: Dollar Rises 9.3% in 2015, Euro Falls 11.5%

Print Friendly, PDF & Email

The rising dollar was tempered a bit in December compared to recent months, with the U.S. dollar index closing down by 1.5% for the month. For 2015, the index rose by 9.3%.

Key apparel currencies fluctuated, however, with the euro strengthening the most against the U.S. currency in the month and the UK pound and China yuan weakening.

The euro fell by 2.8% against the U.S. dollar, closing the month 11.5% below year-ago levels.

currencyeuro1-16

The U.K. pound sterling fell by 1.3% against the dollar in the month, ending 5.4% lower for 2015.

currencypound1-16
The Chinese yuan dipped by 1.5% in December, bringing its full year decline to 6.1%.

currencyyuan1-16

The Indian rupee edged up by 0.7% in the month and finished the year 4.7% lower relative to the dollar.

currencyirupee1-16

The Indonesian rupiah remained essentially flat in December, but despite efforts by the central bank to shore up the currency, remains 11.3% lower for 2015.

currencyrupiah1-16

The Pakistani rupee gained 0.6%, bringing its full-year decline to 4.4%. 

currencyprupee1-16

The Bangladeshi taka was flat in December, continuing the relatively stable trend of the past few months, with a full-year decline of less than 1 percent.

currencytaka1-16

The Vietnamese dong edged down by 0.6% relative to the dollar in December, bringing its full-year drop in value to 5.4%.

currencydong1-16

The Japanese yen gained 1.9% in December, reducing its full-year slide to 0.1%.

currencyyen1-16

CurrencyTable1-16b


Recent News

Wool Prices on Rise as Sneakers Give Fiber Unexpected Boost

The wool market has battled dwindling demand from the infiltration of high-tech fabrics in the outerwear market for many years and lost supply in its home market of Australia, where growers have increasingly opted for more profitable use of their land.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Commerce Finds Polyester Fiber Exporters From China, India Unfairly Subsidized

The U.S. Commerce Department issued affirmative final determinations in the countervailing duty investigations of fine denier polyester staple fiber from the China and India.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Tintex Introduces Naturally Advanced Cotton With Raw Material Strategy

Portugese mill Tintex is switching from the use of conventional cotton and has launched a new fabric range called Naturally Advanced Cotton by Tintex using four different premium and responsibly grown cottons.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more