Illustrate with relevant diagrams the performance to the US dollar of Indian Rupee, Brazilian Real, Mexican Peso and South Africa Rand (as a proxy for emerging countries' currencies) since March 2020. Illustrate with relevant diagrams the performance. Download the data and plot a graph Discuss the main drivers of the performance of emerging market currencies since March 2020. Explains the main drivers of the performance of the emerging market currencies. Discuss the impact this currency performance has on the sustainability of the airline industry for emerging countries. Use examples from the case and other relevant sources.

Using examples, advise ZaWays on the main sources of poor performance in this sector, as well as critically evaluating how the pandemic aggravated each one of them. Give examples from the case