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The Russian ruble is included in the group of currencies that are traded 10-30% below the "fair" rate, analysts from Bloomberg Economics write.
Undervalued / overvalued map of world currencies according to Bloomberg Economics. The redder, the more underestimated, and the blue, the more overvalued. Source: Bloomberg
The currencies of developing countries are valued the least fairly, analysts at Bloomberg Economics write, citing their model, which calculates “fair” exchange rates based on fundamental economic indicators.
The most undervalued are the Turkish lira and the Brazilian real, which are more than 30 percent below the equilibrium rate *, and the most overvalued (26%) is the Czech crown.
* ProFinance.ru: exchange rate of the national currency, providing a zero balance of payments
The Russian ruble is included in the group of currencies that are traded 10-30% below the "fair" rate.
Key world reserve currencies, the dollar and the euro, are overvalued by 5-10%, but are generally close to “fair” rates.
