Bbabo NET

Economics & Business News

The ruble was named the most undervalued currency according to the “Big Mac index”

According to the Big Mac Index, the Russian ruble has become the most undervalued currency in the world. This is reported by The Economist magazine.

According to experts, the rate of this currency should be about 23 rubles. for one dollar.

In the United States, a Big Mac costs 5.81 dollars (about 444 rubles), while in the Russian Federation it costs 135 rubles, or 1.77 dollars. In accordance with the Big Mac Index, the ruble exchange rate should be 23.24 rubles. per dollar.

According to the authors of the study, the Russian currency is currently undervalued by 70%.

The ruble was in last place in the list of currencies presented in the rating. In similar ratings in January and July 2021, he was on the penultimate line.

The euro in the rating of January this year was undervalued by 14.7%, the British pound - by 17.1%.

Earlier, LDPR leader Vladimir Zhirinovsky compared dollars to dirt and proposed to ban their circulation in Russia.

The ruble was named the most undervalued currency according to the “Big Mac index”