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%.
Ukraine’s hryvnia ranks fourth from the bottom of 55 world currencies
The financial sector functions despite the war.