Tuesday, August 23, 2011

Charts of the day are...

...the five year forex charts of four South American currencies versus the U.S Dollar:

The Peruvian Nuevo Sol (PEN):

The Chilean Peso (CLP):
The Colombian Peso (COP):

The Brazilian Real (BRL):

Notice anything in common? Surely nothing to do with the fact all these are commodities/exports based countries that use standard macroeconomic theory to run their gigs...