The ruble was recognized as the most undervalued currency in the world

The exchange rate of the Russian currency against the US dollar is greatly underestimated, according to experts from The Economist magazine, who have released an updated version of the Big Mac index. According to her, the American currency should cost no more than 74 rubles, but less than 24 rubles, writes RBC. The Big Mac Index is based on the hypothesis that the same goods should cost the same in all countries of the world. In the event that this does not happen, the local currency rate is undervalued or overvalued.

According to The Economist, the price of a regular big mac in the US in January 2021 averaged $ 5.66, and in Russia - 135 rubles. For the same cost of burgers, a dollar should cost 23.85 rubles According to experts, the Russian currency is undervalued by 68%, since one Big Mac in Russia costs $ 1.81, not $ 5.66. Based on what was said above, the ruble is one of the most undervalued currencies in the world. It is noted that only the Lebanese pound is undervalued by 68.7%. Previously, Rambler reported that the leading analyst at FxPro, Alexander Kuptsikevich, allowed the ruble to strengthen below 73 per dollar and 90 per euro until the end of January. He also admitted that at the end of the quarter, the rates may turn out to be 70 and 88 rubles, respectively.