The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency

The dollar remains king in Ukraine, with the hryvnia 61% undervalued against the US currency, The Economist reports in its annual Big Mac index. In Ukraine, a Big Mac costs UAH 62, or $2.21. In the US the same hamburger goes for $5.66. Using this index, Ukraine has the world’s fifth most undervalued currency. The cheaper currencies are: South African rand – 61.9%; Turkish lira – 64.5%; Russian ruble – 68%; and Lebanese pound – 68.7%.