Seven emerging economies are under risk of currency crisis, Bloomberg reports with the reference to Nomura Holdings Inc. These countries include Sri-Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine. Five of them are already in the center of crisis or under program of International Monetary Fund.

Countries with the lowest currency crisis risk level are Brazil, Bulgaria, Indonesia, Kazakhstan, Peru, Philippines, Russia and Thailand.

According to analytics, these are very important results, as investors focusing on emerging markets risks will be able to differentiate countries that are far from full-scale crisis.

Nomura gets its results based on model that is developed to determine crisis probability for 30 developing economies and takes into account a whole variety of factors, including foreign exchange reserves, debt levels, interest rates. The company predicted two third of 54 currency crisis in developed countries since 1996 twelve months in advance.