Saturday, July 23, 2011

Currencies which beats Gold At Second Quarter of 2011

Gold futures rallied after the disastrous job report Friday and settled at $1,544.40/ozat the market's close. Despite talks of gold being a bubble many seek it out as a hedge.


Gold appreciated an average of 3.4% against most currencies through the first half of 2011, according to GoldSilver.com. They put together a list comparing gold and silver prices to the 70 currencies and we compiled a list of all the currencies that outperformed gold as at the second quarter of 2011.Take a look...

1. The New Zealand Dollar outperformed gold by 0.4%


2. The Swedish Kronor outperformed gold by 0.5%


3. The Brazilian Reais has outperformed gold by 0.5%


4. The Moroccan Dirham outperformed gold by 0.7%


5. The Mauritian Rupee outperformed gold by 1.2%


6. The Albanian Leke has outperformed gold by 1.5%


7. The Polish Zlotych outperformed gold by 2%


8. The Norwegian Kroner outperformed gold by 2.1%


9. The Colombia Peso outperformed gold by 2.3%


10. The CFA BEAC Franc outperformed gold by 2.3%


Note: The Central African CFA Franc is issued by the Banque des États de l'Afrique Centrale (BEAC) or the Bank of the Central African States in Cameroon, for the members of the CEMAC which include Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea and Gabon.

11. The CFP Franc outperformed gold by 2.3%


Note: The Comptoirs Français du Pacifique is used by the French overseas collectives whichconsist ofFrench Polynesia, New Caledonia and Wallis and Futuna.

12. The Euro outperformed gold by 2.3%



13. Denmark's Kroner outperformed gold by 2.3% ( Image Source )


14. The Croatian Kuna outperformed gold by 2.4%


15. The Bulgarian Leva outperformed gold by 2.6%


16. The Russian Ruble outperformed gold by 3.3%


17. Romania's New Lei outperformed gold by 3.4%


18. Switzerland's Francs outperformed gold by 4.8%


19. Czech Republic's Koruny outperformed gold by 5%


20. The Hungarian Forint outperformed gold by 6.8%