Oil Dependence

If you are living in the twenty first century, you already know how important oil is for the world to function while a slight fluctuation in the selling price of oil and major world economies rise and fall. The world oil market has its influence on currency exchange rates as well. Until recently countries like Canada, Russia, Malaysia, were hugely affected by the fluctuating price of oil. Sergei Kochergin an analyst in EXNESS conducted a study of how oil influences the currency rates of the world.  And if you are interested here is a fun info graphic that explains it in simple terms.