8 Pages, Full Color
As strains are caused in global currency relationships due to widening trade imbalances and the on-goings effects of the global economic crisis, the role of the U.S. dollar as a currency peg in some parts of Asia and the emergence of other regional currencies are having a direct impact on global trade. In this special report, we look at which Asian currencies are pegged and by and to whom, including all of China’s and India’s neighbors.
The concept of pegs seems to be a result of smaller value currencies, such as the Nepali rupee, seeking protection against the wider world, or larger currencies, like the Chinese yuan, trying to manipulate their trade positions. In the latter case, China is allowing the yuan to act as a small currency seeking built-in protection. The question then becomes, protection from what?
The countries whose currencies are covered in this report include China, India, Russia, Tajikistan, Bangladesh, Hong Kong, Japan, Macau, South Korea, Taiwan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Australia and other Asian countries.
