The Current State of Asian Currencies Explained

Online, December 18, 2009 (Newswire.com) - The currencies of Asian countries, some emerging and some pegged to the U.S. dollar, are having increasingly important influences on global trade and currency relationships.

In his latest report, "Asian Currency Protectionism", Chris Devonshire-Ellis describes the currency situation of 30 countries across Asia and Oceania. The report is the most up to date and comprehensive description of currencies in Asia, covering the diversity of the region, from Australia to North Korea.

Devonshire-Ellis describes the strength of currencies, their recent behaviour and whether or not they are pegged to another. He discusses the interesting situation whereby China is one of the largest regional currencies, while also being pegged. Pegging is most often used for the protection of smaller currencies, which leads the author to raise the question of whether the Yuan is being pegged to protect other things, such as trade.

The influence of the local currencies on global valuations and inflation make this report an essential resource for anyone doing, or interested in doing, business in Asia.

The report is free to download from the 2point6billion.com website, an Asia business news website, with a focus on India and China.

Chris Devonshire-Ellis writes for 2point6billion.com as well as the China business news site China-Briefing.com. He is also the founder of the China accounting and business advisory firm, Dezan Shira & Associates.