Worldwide Fiat Currency Race to Debase!
Currencies / Fiat Currency Jul 08, 2011 - 02:58 AM GMTBy: GoldSilver
Take a moment to examine how gold and silver have performed against their fiat currency competition through the first half of 2011.
Gold has appreciated an average of over 3.4% versus over 70 fiat currencies though middle 2011.
| Base Currency vs. 1 oz Gold | 1-Jan-11 | 30-Jun-11 | % Gold Q2 2011 |
| Afghanistan Afghanis | 61,158 | 64,599 | 5.6% |
| Albania Leke | 148,940 | 146,745 | -1.5% |
| Algeria Dinars | 104,548 | 107,850 | 3.2% |
| Argentina Pesos | 5,642 | 6,165 | 9.3% |
| Australia Dollars | 1,389 | 1,402 | 0.9% |
| Bahamas Dollars | 1,421 | 1,502 | 5.7% |
| Bahrain Dinars | 536 | 566 | 5.7% |
| Bangladesh Taka | 100,212 | 111,696 | 11.5% |
| Barbados Dollars | 2,843 | 3,005 | 5.7% |
| Bermuda Dollars | 1,421 | 1,502 | 5.7% |
| Brazil Reais | 2,359 | 2,348 | -0.5% |
| Bulgaria Leva | 2,081 | 2,028 | -2.6% |
| CFA BEAC Francs | 696,322 | 680,021 | -2.3% |
| Canada Dollars | 1,418 | 1,449 | 2.2% |
| Chile Pesos | 664,883 | 702,100 | 5.6% |
| China Yuan Renminbi | 9,369 | 9,713 | 3.7% |
| Colombia Pesos | 2,722,077 | 2,659,070 | -2.3% |
| Comptoirs Français Francs | 126,675 | 123,709 | -2.3% |
| Base Currency vs. 1 oz Gold | 1-Jan-11 | 30-Jun-11 | % Gold Q2 2011 |
| Costa Rica Colones | 715,132 | 752,952 | 5.3% |
| Croatia Kuna | 7,844 | 7,656 | -2.4% |
| Czech Republic Koruny | 26,558 | 25,234 | -5.0% |
| Denmark Kroner | 7,913 | 7,732 | -2.3% |
| Dominican Republic Pesos | 52,878 | 57,012 | 7.8% |
| East Caribbean Dollars | 3,838 | 4,056 | 5.7% |
| Egypt Pounds | 8,252 | 8,961 | 8.6% |
| Euro | 1,062 | 1,037 | -2.3% |
| Fiji Dollars | 2,632 | 2,659 | 1.0% |
| Hong Kong Dollars | 11,049 | 11,690 | 5.8% |
| Hungary Forint | 295,818 | 275,719 | -6.8% |
| IMF Special Drawing Rights | 923 | 939 | 1.7% |
| Iceland Kronur | 163,538 | 171,998 | 5.2% |
| India Rupees | 63,539 | 67,138 | 5.7% |
| Indonesia Rupiahs | 12,793,050 | 12,874,705 | 0.6% |
| Iran Rials | 14,645,199 | 16,031,787 | 9.5% |
| Iraq Dinars | 1,658,832 | 1,755,437 | 5.8% |
| Israel New Shekels | 5,043 | 5,103 | 1.2% |
| Jamaica Dollars | 120,397 | 127,470 | 5.9% |
| Base Currency vs. 1 oz Gold | 1-Jan-11 | 30-Jun-11 | % Gold Q2 2011 |
| Japan Yen | 115,351 | 121,194 | 5.1% |
| Jordan Dinars | 1,006 | 1,067 | 6.0% |
| Kenya Shillings | 114,427 | 134,193 | 17.3% |
| Kuwait Dinars | 400 | 412 | 3.2% |
| Lebanon Pounds | 2,132,175 | 2,275,232 | 6.7% |
| Malaysia Ringgits | 4,384 | 4,534 | 3.4% |
| Mauritius Rupees | 42,359 | 41,839 | -1.2% |
| Mexico Pesos | 17,571 | 17,608 | 0.2% |
| Morocco Dirhams | 11,842 | 11,759 | -0.7% |
| New Zealand Dollars | 1,821 | 1,815 | -0.4% |
| Norway Kroner | 8,273 | 8,098 | -2.1% |
| Oman Rials | 547 | 578 | 5.7% |
| Pakistan Rupees | 121,690 | 129,123 | 6.1% |
| Peru Nuevos Soles | 3,987 | 4,127 | 3.5% |
| Philippines Pesos | 62,032 | 65,095 | 4.9% |
| Poland Zlotych | 4,209 | 4,125 | -2.0% |
| Qatar Riyals | 5,175 | 5,471 | 5.7% |
| Romania New Lei | 4,541 | 4,388 | -3.4% |
| Russia Rubles | 43,322 | 41,898 | -3.3% |
Welcome back to the Worldwide Fiat Currency Race to Debase!
Take a moment to examine how silver has performed against its fiat currency competition through the first half of 2011.
Silver has appreciated an average of over 10% vs over 70 fiat currencies through middle 2011.
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| Base Currency vs. 1 oz Silver | 1-Jan-11 | 30-Jun-11 | % Silver Q2 2011 |
| Afghanistan Afghanis | 1,329.80 | 1,493.92 | 12.3% |
| Albania Leke | 3,238.49 | 3,393.62 | 4.8% |
| Algeria Dinars | 2,273.25 | 2,504.91 | 10.2% |
| Argentina Pesos | 122.67 | 142.58 | 16.2% |
| Australia Dollars | 30.21 | 32.43 | 7.4% |
| Bahamas Dollars | 30.91 | 34.74 | 12.4% |
| Bahrain Dinars | 11.65 | 13.09 | 12.4% |
| Bangladesh Taka | 2,178.98 | 2,582.22 | 18.5% |
| Barbados Dollars | 61.82 | 69.48 | 12.4% |
| Bermuda Dollars | 30.91 | 34.74 | 12.4% |
| Brazil Reais | 51.29 | 54.30 | 5.9% |
| Bulgaria Leva | 45.24 | 46.88 | 3.6% |
| CFA BEAC Francs | 15,140.58 | 15,723.28 | 3.8% |
| Canada Dollars | 30.84 | 33.50 | 8.6% |
| Chile Pesos | 14,456.98 | 16,236.78 | 12.3% |
| China Yuan Renminbi | 203.71 | 224.73 | 10.3% |
| Colombia Pesos | 59,187.86 | 61,580.56 | 4.0% |
| Comptoirs Français Francs | 2,754.37 | 2,860.38 | 3.8% |
| Base Currency vs. 1 oz Silver | 1-Jan-11 | 30-Jun-11 | % Silver Q2 2011 |
| Costa Rica Colones | 15,549.56 | 17,447.53 | 12.2% |
| Croatia Kuna | 170.55 | 177.02 | 3.8% |
| Czech Republic Koruny | 577.46 | 583.34 | 1.0% |
| Denmark Kroner | 172.07 | 178.79 | 3.9% |
| Dominican Republic Pesos | 1,149.76 | 1,323.68 | 15.1% |
| East Caribbean Dollars | 83.45 | 93.80 | 12.4% |
| Egypt Pounds | 179.42 | 207.39 | 15.6% |
| Euro | 23.08 | 23.97 | 3.8% |
| Fiji Dollars | 57.24 | 61.49 | 7.4% |
| Hong Kong Dollars | 240.24 | 270.35 | 12.5% |
| Hungary Forint | 6,432.16 | 6,375.60 | -0.9% |
| IMF Special Drawing Rights | 20.07 | 21.71 | 8.2% |
| Iceland Kronur | 3,555.91 | 3,977.64 | 11.9% |
| India Rupees | 1,381.57 | 1,552.98 | 12.4% |
| Indonesia Rupiahs | 278,167.50 | 297,740.85 | 7.0% |
| Iran Rials | 318,439.97 | 370,751.63 | 16.4% |
| Iraq Dinars | 36,069.05 | 40,561.56 | 12.5% |
| Israel New Shekels | 109.66 | 118.07 | 7.7% |
| Jamaica Dollars | 2,617.87 | 2,947.88 | 12.6% |
| Base Currency vs. 1 oz Silver | 1-Jan-11 | 30-Jun-11 | % Silver Q2 2011 |
| Japan Yen | 2,508.14 | 2,802.58 | 11.7% |
| Jordan Dinars | 21.88 | 24.62 | 12.5% |
| Kenya Shillings | 2,488.05 | 3,103.35 | 24.7% |
| Kuwait Dinars | 8.69 | 9.54 | 9.7% |
| Lebanon Pounds | 46,361.25 | 52,235.05 | 12.7% |
| Malaysia Ringgits | 95.33 | 104.99 | 10.1% |
| Mauritius Rupees | 921.04 | 984.94 | 6.9% |
| Mexico Pesos | 382.05 | 407.16 | 6.6% |
| Morocco Dirhams | 257.48 | 271.63 | 5.5% |
| New Zealand Dollars | 39.60 | 41.97 | 6.0% |
| Norway Kroner | 179.88 | 187.26 | 4.1% |
| Oman Rials | 11.90 | 13.38 | 12.4% |
| Pakistan Rupees | 2,645.99 | 2,989.57 | 13.0% |
| Peru Nuevos Soles | 86.70 | 95.52 | 10.2% |
| Philippines Pesos | 1,348.80 | 1,507.12 | 11.7% |
| Poland Zlotych | 91.53 | 95.37 | 4.2% |
| Qatar Riyals | 112.53 | 126.51 | 12.4% |
| Romania New Lei | 98.74 | 101.47 | 2.8% |
| Russia Rubles | 941.98 | 968.79 | 2.8% |
| Base Currency vs. 1 oz Silver | 1-Jan-11 | 30-Jun-11 | % Silver Q2 2011 |
| Saudi Arabia Riyals | 115.91 | 130.29 | 12.4% |
| Singapore Dollars | 39.70 | 42.65 | 7.4% |
| South Africa Rand | 204.92 | 235.29 | 14.8% |
| South Korea Won | 34,634.94 | 37,137.79 | 7.2% |
| Sri Lanka Rupees | 3,428.88 | 3,804.97 | 11.0% |
| Sudan Pounds | 77.21 | 92.81 | 20.2% |
| Sweden Kronor | 207.74 | 219.84 | 5.8% |
| Switzerland Francs | 28.88 | 29.25 | 1.3% |
| Taiwan New Dollars | 900.64 | 1,002.13 | 11.3% |
| Thailand Baht | 927.84 | 1,067.64 | 15.1% |
| Trinidad and Tobago Dollars | 195.95 | 222.35 | 13.5% |
| Tunisia Dinars | 43.32 | 47.37 | 9.4% |
| Turkey Lira | 47.52 | 56.38 | 18.6% |
| United Arab Emirates Dirhams | 113.53 | 127.62 | 12.4% |
| United Kingdom Pounds | 19.80 | 21.66 | 9.4% |
| United States Dollars | 30.91 | 34.74 | 12.4% |
| Venezuela Bolivares Fuertes | 132.90 | 149.39 | 12.4% |
| Vietnam Dong | 602,541.71 | 712,736.64 | 18.3% |
| Zambia Kwacha | 147,737.85 | 169,367.89 | 14.6% |
| Base Currency vs. 1 oz Gold | 1-Jan-11 | 30-Jun-11 | % Gold Q2 2011 |
| Saudi Arabia Riyals | 5,331 | 5,634 | 5.7% |
| Singapore Dollars | 1,826 | 1,844 | 1.0% |
| South Africa Rand | 9,424 | 10,174 | 8.0% |
| South Korea Won | 1,592,877 | 1,606,345 | 0.8% |
| Sri Lanka Rupees | 157,696 | 164,457 | 4.3% |
| Sudan Pounds | 3,551 | 4,013 | 13.0% |
| Sweden Kronor | 9,554 | 9,509 | -0.5% |
| Switzerland Francs | 1,328 | 1,265 | -4.8% |
| Taiwan New Dollars | 41,421 | 43,259 | 4.4% |
| Thailand Baht | 42,672 | 46,173 | 8.2% |
| Trinidad and Tobago Dollars | 9,012 | 9,540 | 5.9% |
| Tunisia Dinars | 1,992 | 2,053 | 3.1% |
| Turkey Lira | 2,185 | 2,438 | 11.6% |
| United Arab Emirates Dirhams | 5,221 | 5,518 | 5.7% |
| United Kingdom Pounds | 911 | 937 | 2.9% |
| United States Dollars | 1,421 | 1,502 | 5.7% |
| Venezuela Bolivares Fuertes | 6,112 | 6,460 | 5.7% |
| Vietnam Dong | 27,711,168 | 30,812,159 | 11.2% |
| Zambia Kwacha | 6,794,531 | 7,263,617 | 6.9% |
Mike Maloney is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth building endeavors.
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