Sri Lankan Rupee is the top-performing emerging market currency in Q1 2024, with a 7% spot return against the USD.

Sri Lankan Rupee is the top-performing currency among emerging markets in Q1 2024, with a spot return of over 7%, according to Bloomberg data. The currency has gained against the USD, reaching a 300 LKR mark earlier this month for the first time since June last year. The Asian Development Bank projects Sri Lanka's economy to grow 1.9% in 2024 and 2.5% in 2025 after two years of contractions.

April 13, 2024
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