Mathematics in the Currency Market Has Been Reversed This Time The circumstances of the global currency market are currently seeing tremendous divergence, but this year compared to last year's math currency market seems a little different. Last year, at the same time, a huge weakness in the currency of the major economies was recorded. Because at that time it was reported that the current account deficit was significantly higher in all these economies but current circumstances are totally different, business news reported. Recently, a huge weakness in the currency of the economies is coming to replace all those big current accounts deficit in the current account is in surplus. Recently, in the currencies of the countries like Russia, Colombia and Norway get a large decline against the dollar. All these economies play a vital role in the entire world. As such it has been recognized that at the present time to be incorrect, the fall in the currency's massive current account deficit economies is high.
The present era is also being witnessed the worst performing currency in those countries which are largely dependent on the export of various commodities. On one hand where Russia, Norway and Nigeria are the massive oil exporters, while on the other hand, South Africa and Armenia have minerals and other raw materials on a large scale to export, business news reported.
The current account deficit and the current account surplus countries rather than from the perspective of currency deviation commodity exporter and importer countries, based on commodity days. The current account surplus for the commodity exporting countries is now known to be the global commodity decline in values being recorded in these countries also will reduce surplus. Moreover, in many countries, this time despite having huge stocks of foreign exchange they could not rein in the currencies of their country. For example, if we look at the performance, the worst performer of the year is the Ruble of Russia, which a decline of 30 per cent was observed during the last one month while Russia reserves a huge foreign exchange of 419 billion dollars, business news reported.