Deutsche Bank publishes list of undervalued and overvalued currencies in the world

Baku. 28 September. REPORT.AZ/ Russian ruble were included into the list of three of the most underestimated world currencies according to Deutsche Bank. The ruble is 15% weaker than its "fair rate". Report informs citing Russian press that the due statement was provided by Bank's economist Christian Rag. The expert believes that the ruble will be able to strengthen to 60 rubles per dollar.

The Deutsche Bank model covered 31 currencies in general - ten were overvalued, while 21 were undervalued. In addition to the ruble, the list of three undervalued currencies also included the Turkish Lira and Colombian peso.

The top of 5 overly strong currencies included the Czech Koruna, South Korean won, Thai baht, dollar and Swiss franc. The dollar is overvalued by about 7%, according to the bank review.