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Where’s the Liv-ex 100 on a currency basis?

The Liv-ex Fine Wine 100 has been steady for over a year now but how is it performing on a currency-by-currency basis?

Peaking in early 2011 and then freefalling to a new low in summer 2014, the fine wine market has been growing steadily stronger and in pounds sterling, which the index is measured in, it has gained 3.3% since July last year.

But is the news more positive or negative when views in other currencies? Liv-ex has asked.

The response is a mixed bag. The best performing currency is arguably the Japanese Yen. For the Yen the low point of the market was July 2012, a much shorter period of decline. On the year to date it is down 1.7% but over the course of a year it is up 3.9%, 2.6% over two years and 8.1% over the last five.

The euro has also made “significant” gains and the index would be up 6.6% if viewed in that currency.

In US dollars, sterling and the Swiss franc the gains are “less pronounced”. Counted in US$ the index would be down 1.6% on the year to date and 3.3% if measured in francs.

The index in US$ has tumbled 39% since April 2011 and has gained just 2% since March this year.

This is no disaster though as Liv-ex points out. It offers the conjecture: “For buyers in this group of regions – who represent the majority of fine wine purchasers worldwide – the market continues to look relatively accessible.”

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