Currencies: The Best and the Worst investment in 2014
Best: The U.S. Dollar
Every major currency fell against the U.S. dollar in 2014. The euro dropped 11%, the Japanese Yen fell almost 12% and the British pound dropped 5.6%. Of non-U.S. currencies, the Indian Rupee did best, down 2.4% against the dollar.
Worst: The Russian Ruble
Russia’s central bank raised a key interest rate to 17% on Dec. 16, and even that failed to stop the Russian currency’s plunge. The Ruble is ending 2014 down 45% against the dollar, shrinking a $10,000 investment on Jan. 1 into $5,513.
Virtual Currencies
But there’s one currency that did worse in 2014, depending on whether you think virtual currencies are real money. A bitcoin has lost 58% of its value in U.S. dollars this year, and 72% since last November. If you’d invested $10,000 in bitcoin at the beginning of 2014, it would be worth $4,202 today.
Source: InvestmentNews – The best and worst investments of 2014
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