Sri Lankan rupee becomes the worst currency in the world

The Sri Lankan rupee was seen as the worst performing emerging market currency by the end of fourth week of January after ranking top in 2024, Bloomberg market data showed.

Accordingly, the rupee has recorded a negative spot return of 1.72% for 2025 as of the end of 24 January.

Other worst performing emerging market currencies were Argentine peso and Turkish lira with negative spot return of 1.46% and 0.89% respectively.

The Russian ruble was the top emerging market currency so far in 2025 with 16.07% spot return, while the Colombian peso took the second place with 5.45% return.