Ukraine’s hryvnia ranks fourth from the bottom of 55 world currencies

Tuesday, July 21, 2020
Ukraine’s hryvnia ranks fourth from the bottom of 55 world currencies

Ukraine’s hryvnia ranks fourth from the bottom of 55 world currencies, according to Economist magazine’s latest Big Mac Index of purchasing power parity. By this scale, the hryvnia is undervalued by 62% against the dollar. More undervalued are: Turkey – 64.3%; Russia – 66.5%; and South Africa – 67.4%.

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