The COVID-19 shock has been a cataclysm for EM currencies. Charts show real effective exchange rates to today. Turkey (TRY) is the weakest currency. South Africa (ZAR) not weak enough. Mexico (MXN), Brazil (BRL) and Russia (RUB) shockingly cheap. India (INR) one of the strongest. pic.twitter.com/jXn61axxsS

— Robin Brooks (@robin_j_brooks) April 2, 2020