At the beginning of autumn, the ruble became the most undervalued currency among G20 countries. They report that the exchange rate should be about 33 rubles per dollar RIA News.
The agency published a ranking of G20 countries based on the cost of a combo meal consisting of a burger, fries and a cola. This set turned out to be the cheapest in Russia and the most expensive in Germany. Based on this information, experts calculated the exchange rate according to the purchasing power of national currencies relative to the dollar and found that it was three times lower than the current one at purchasing power parity (PPP) – 32.07.
According to BCS World of Investments stock market expert Valery Emelyanov, the Russian Federation is the country with the highest purchasing power parity.
The Indonesian rupee ranks second as its real exchange rate is 2.2 times better than the official exchange rate. South Africa closes the top three, where the real value of the national currency is 1.8 times higher than the current exchange rate.
In addition, the Indian rupee and Chinese yuan, Turkish lira and Korean won, Japanese yen and Mexican peso were also included in the list of devalued currencies. And the euro is considered the most appreciated currency; rate is overvalued by 16%.
Previously Deripaska said About the possible future of the Russian economy in five years.