In practice, over the past 15 years oil prices most strongly affected the value of the Canadian dollar, the Malaysian ringgit, the Norwegian krone, the Mexican peso, Brazilian real, and the Russian ruble. In countries where the exchange rates of national currencies have been smoothed out by interventions by central banks, the influence of the price of oil on the national currency’s exchange rate proved to be minimal.
Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More