The 2012 winner for the best performing currency against the US dollar
(I now, blog not news)
The table below shows the world's top performing currencies against the dollar. Poland, which was somewhat shielded from the Eurozone by its ties with the big neighbor to the east has been the best performer among the mainstream currencies. In fact Poland, together with other EU nations who stayed out of the euro area - such as as Norway, Sweden, and the UK - have seen their currencies appreciate.
There is one currency however that has outperformed all of these by a long shot, but you won't find it on the list. The currency is called Bitcoin (ticker symbol BTC) and it more than tripled this year.
It's not issued by a country, nor is it a precious metal or a rare-earth. Bitcoin is an electronic currency that can be exchanged for some goods and services, particularly online. The currency is not controlled by a central bank. Instead it is maintained by a global registrar and managed via a private network of participants who get paid to "rent" their computing power to the network. The "rented" machines are used to maintain the integrity of Bitcoin transactions and act as a virtual decentralized registrar.....
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....So why has the currency tripled this year? A number of rumors have been circulating in the online forums trying to explain the rally. Unfortunately one explanation that stands out is the increased demand for illicit drugs online. Quite sad actually.
Nevertheless Bitcoin is the 2012 winner for the best performing currency against the dollar.
Source:
http://soberlook.com/2012/12/the-2012-winner-for-best-performing.htmlEdit: And again already there. Sorry I looked for soberlook.com in the subject and didn't see it.
