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3. The Lebanese Pound Tops Most Devalued Currencies List

The Lebanese pound leads the list of the most devalued currencies this year, with a drop of over 83% against the US dollar, followed by the Nigerian pound, with a drop of around 42% since the start of 2024.

According to the data from Bloomberg, the Egyptian pound also ranks third among the most devalued currencies, down 38.3% against the dollar since the start of the current year. The Chilean peso ranks fourth, down 10.2% against the dollar, while the Turkish lira ranks fifth worldwide, down 7% against the dollar.