The Economist: Ruble undervalued 70.4% against US dollar - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

The Economist: Ruble undervalued 70.4% against US dollar

Ѕиг ћакMOSCOW, Jan 11 (PRIME) -- The Russian ruble is undervalued by 70.4% against the U.S. dollar, The Economist said in a Big Mac index report on Friday.

УThe Big Mac index is based on the theory of purchasing-power parity, which states that currencies should adjust until the price of an identical basket of goods Ц or in this case, a Big Mac Ц costs the same everywhere,Ф it said.

УIn Russia, for example, a Big Mac costs 110 rubles (U.S. $1.65), compared with $5.58 in America.Ф

In January 2018, the ruble was undervalued 57% against the dollar, according to the index.

(66.8605 rubles Ц U.S. $1)

End

11.01.2019 11:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.0613 +0.0376 15 mar
USD 65.4021 -0.1869 15 mar
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1213.40 -1.96 18:50 22 mar
micex 2492.70 -0.60 18:50 22 mar
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 152.29 -1.96 18:49 22 mar
lkoh 5793.50 +0.60 18:49 22 mar
rosn 408.40 -0.27 18:48 22 mar
sber 207.70 -1.38 18:49 22 mar
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 72.6375 +0.0125 14:59 22 mar
USDTD 64.6225 +0.8825 17:44 22 mar