SH fruit exporters continue to fall behind in currency competitiveness
A recent iQonsulting report has observed Argentina was the only major Southern Hemisphere fruit exporter to gain competitiveness with its currency in the last 12 months. 
The Argentine peso (ARS) has weakened 7% during the period which gave the South American country the biggest competition boost in currency terms, while the Australian dollar rose the most by 20%.
New Zealand's currency competitiveness has also weakened during the period with a currency rise of 15%, Chile's currency rose 13%, the Brazilian Real increased by 12% while the South African Rand rose 11% in value.
The Peruvian Nuevo Sol (PEN) rose in value as well but only by 2%.
Related stories: Southern Hemisphere countries tackle exchange rate woes
Brazil gets real with currency speculation taxes
Photo: www.freefoto.com
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