10 Worst Performing Currencies of 2024

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1. Brazilian Real

1 USD = 5.88 BRL

2024 Returns: -21.6%

The Brazilian real was the worst-performing global currency in 2024, plummeting to new lows against the US dollar as market fears mounted about a quickly expanding government deficit and chronically rising inflation. Despite Brazil’s central bank intervening on the last trading day of 2024 and spending $20 billion in reserves in December, the currency remains under pressure, with investors wary of President Luiz Inácio Lula da Silva’s capacity to control the country’s mounting budget deficit.

While we acknowledge the potential of the Brazilian Real, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BRL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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