U.S. Dollar Is 2014s Best-Performing Currency

In 2014, the US dollar was the best performing currency, rising against all major and emerging market currencies as the Federal Reserve ended its bond-buying program. The Bloomberg Dollar Spot Index showed the dollar's significant gains against major peers. The Russian ruble and Ukrainian currency were the worst performers, while the Somali shilling surprisingly gained 56% against the dollar, making it the best performing currency out of 174 tracked by Bloomberg.

Which currency was the best performer in 2014?

• Euro

• US Dollar

• Japanese Yen

• British Pound

What was the main factor contributing to the US dollar's rise in 2014?

• Increase in oil prices

• European Central Bank's policies

• Federal Reserve's bond buying program

• Decrease in gold prices

What does the Bloomberg Dollar Spot Index track?

• US dollar against emerging market currencies

• US dollar against ten major peers

• US dollar against commodities

• US dollar against cryptocurrencies

Which currency followed the US dollar in the Bloomberg correlation-weighted indices?

• Swiss Franc

• New Zealand Dollar

• Canadian Dollar

• Australian Dollar

Which currency had the best performance against the US dollar in 2014?

• Russian Ruble

• Ukrainian Hryvnia

• Brazilian Real

• Somali Shilling