For the first time in five years, the ruble showed the worst dynamics in the first half of 2018 among the 11 currencies of the former Soviet Union, while the hryvnia showed the best, according to Bloomberg.
According to the rating, the leader among the national currencies is the Ukrainian hryvnia – plus 7.14 %, followed by Georgian lari – plus 6.1%, Moldovan lei – plus 1.69 %, and Kyrgyz som – plus 1.41%.
According to the report, while the region hasn’t been immune to a broader retreat from emerging markets, Russia is increasingly taking the brunt of the downturn in sentiment. By contrast, four ex-Soviet currencies are notching gains that place them in the top 10 performers globally so far this year.
