High Demand for High Yield

High yielding currencies show strength over the last few weeks as all make significant gains against their lower yielding counterparts.

South African Rand - 8% - See graphic below

Hungarian Forint - 7.5% - See graphic below

New Zealand Dollar - 7.25% - Chart

Australian Dollar- 6% - Chart

United States Dollar - 5.25% - Chart

Swiss Franc - 1.75% - Chart

Japanese Yen - 0.25% - Chart

The Hungarian Forint shows strength over the past couple weeks. The chart to the left shows it against the much lower yielding Swiss Franc. The y-axis shows the number of forints one franc buys.

Here you see a longer term chart of the South African Rand versus the Japanese Yen. The recent strength shows the one of the highest yielding currencies against the lowest.