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The Best and Worst Investments of 2013

By Ben Steverman - 2013-12-06T18:41:13Z

Photograph by Mitch Reardon/Getty Images

Company Symbol % Change
21 of 22

Worst Currency

South African Rand


The Federal Reserve's monetary efforts were rivaled in 2013 by a newly aggressive Bank of Japan. That helped push the Japanese yen 15.7 percent lower against the dollar. Only the South African rand did worse. Michael Keenan, a Barclays Plc strategist, says the rand fell because of concerns that the Fed will taper its quantitative easing soon, cutting off the flow of money into risky assets in emerging markets. Foreign investors sold $3.5 billion of South African stock and bonds in November and early December, according to JSE Ltd.

Of 16 major currencies tracked by Bloomberg, measured against the U.S. dollar.