The ruble has lost its title as the most undervalued currency in the world, losing to the Philippine peso.

The ruble has lost its status as the most undervalued currency in the world, losing first place to the Philippine peso.

The ruble exchange rate at purchasing power parity (PPP) is 2.68 times lower than the current rate and amounts to 32.42 rubles per dollar.

The most overvalued currency among the largest economies was the Israeli shekel - its rate was overvalued by 65%.

MOSCOW, September 7 – RIA Novosti. At the end of this summer, the ruble lost its status as the most undervalued currency in the world, losing this title to the Philippine peso, according to RIA Novosti calculations.

The agency has compiled a ranking of the world's largest economies based on the cost of a set of burgers, fries and a glass of cola. According to the data, the cheapest such “lunch” is in the Philippines, and the most expensive is in Israel. Based on these data, RIA Novosti calculated the exchange rate of national currencies based on purchasing power relative to the US dollar.

Thus, according to calculations, the ruble exchange rate at purchasing power parity (PPP) is 2.68 times lower than the current rate and amounts to 32.42 rubles per dollar. A year ago the situation was different - then the purchasing power parity rate was 3.3 times lower than the current one and amounted to 24.5 rubles per dollar.

A year ago, the ruble topped the rating of the most undervalued world currencies, and is now in the top 5 according to this indicator. First place went to the Philippine peso, whose real exchange rate was 3.75 times lower than the official one.

Second place with a slightly more modest figure is occupied by the Indonesian rupiah - 3.67 times, and the Indian rupee is in third place - 3.24 times. Fourth place went to the Iranian rial, whose exchange rate turned out to be three times undervalued.

At the same time, an analysis of the exchange rate ratio revealed a number of countries in which the current value almost corresponds to that calculated at parity. These are the euro (the situation in Germany, France and Italy was used to calculate the values), the Australian dollar, the Swedish krona, the Canadian dollar and the British pound sterling.