Photo: Alexander Zemlianichenko / Reuters
Deutsche Bank has identified the most undervalued currency in the world. In particular, the Russian ruble was in third place, reports video News Service.
According to the report, the undervaluation of the Russian currency indicate that all estimates based on three different models. Deutsche Bank also pointed out the main risk for the ruble — Western sanctions.
Thus, according to experts of the Bank, low oil prices no longer have significant impact on the course. The report noted that this was achieved thanks to the fiscal rule, which was introduced in order to protect the ruble from fluctuating oil prices.
The most undervalued currency in the world was the Turkish Lira. Followed by the Colombian peso, Russian ruble, Japanese yen, Swedish Krona, canadian dollar, Hungarian Forint and British pound sterling.
Previously, the magazine The Economist on the basis of a new edition of the “index big Mac” came to the conclusion that the ruble is the most undervalued currency against the dollar.
Video, photo All from Russia.