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Russian Ruble is one of the most undervalued world currencies

Russian Ruble is one of the most undervalued world currencies

Experts of Deutsche Bank revealed the most undervalued world currencies based on assessing the behavioral equilibrium exchange rate.

The top three were led by the Turkish Lira, which was undervalued by 46.2%, followed by the Colombian Peso with 22.2% and the Russian Ruble, which is 15% weaker than its “fair exchange rate”.

However, analysts confidently predict the return of the Russian currency to 60 rubles for a dollar. The last time the ruble traded at a similar level was April 4th, two days before another round of American sanctions against Russian billionaires and their companies.