Currency Fair-Value Ranking
Currencies ranked by current deviation from fair value (positive = overvalued vs USD). Click any row to see the time series.
Source: Quantitative Investment Office, Open Exchange Rates
| Method | Spot | Fair value | |||||||
|---|---|---|---|---|---|---|---|---|---|
| JPY | Japanese Yen | static | 0.0063 | 0.0079 | -23.3% | -23.8% | 14.6% | 13.3% | 1% |
| INR | Indian Rupee | dynamic | 0.0105 | 0.0125 | -17.2% | -20.1% | 7.4% | 7.8% | 2% |
| IDR | Indonesian Rupiah | static | 0.0001 | 0.0001 | -15.8% | -15.4% | 7.1% | 2.5% | 2% |
| DKK | Danish Krone | static | 0.1544 | 0.1743 | -12.1% | -9.8% | 14.0% | 8.6% | 14% |
| PHP | Philippine Peso | static | 0.0163 | 0.0177 | -8.0% | -12.1% | 11.0% | 4.4% | 5% |
| CAD | Canadian Dollar | static | 0.7177 | 0.7681 | -6.8% | -8.0% | 12.0% | 5.3% | 5% |
| TWD | Taiwan Dollar | static | 0.0310 | 0.0331 | -6.6% | -3.6% | 8.3% | 9.3% | 1% |
| CHF | Swiss Franc | static | 1.2335 | 1.2628 | -2.4% | -1.6% | 10.1% | 6.3% | 11% |
| THB | Thai Baht | static | 0.0302 | 0.0309 | -2.3% | -3.1% | 6.8% | 3.2% | 21% |
| NZD | New Zealand Dollar | dynamic | 0.5883 | 0.5923 | -0.7% | -0.7% | 13.5% | 5.6% | 18% |
| RUB | Russian Ruble | static | 0.0121 | 0.0120 | 1.4% | -5.0% | 17.8% | 10.1% | 7% |
| AUD | Australian Dollar | dynamic | 0.7064 | 0.6957 | 1.5% | 3.4% | 11.6% | 2.6% | 23% |
| KRW | South Korean Won | dynamic | 0.0007 | 0.0007 | 2.4% | 1.0% | 11.3% | 3.7% | 15% |
| EUR | Euro | static | 1.1542 | 1.1189 | 3.1% | 1.6% | 12.1% | 4.7% | 17% |
| CNY | Chinese Yuan | static | 0.1482 | 0.1426 | 3.9% | 1.8% | 4.1% | 2.9% | 11% |
| CZK | Czech Koruna | static | 0.0476 | 0.0456 | 4.3% | 5.1% | 14.7% | 7.2% | 4% |
| NOK | Norwegian Krone | static | 0.1053 | 0.1002 | 5.0% | 3.8% | 12.9% | 7.9% | 3% |
| MYR | Malaysian Ringgit | static | 0.2444 | 0.2319 | 5.3% | 3.9% | 9.1% | 2.6% | 4% |
| HKD | Hong Kong Dollar | static | 0.1274 | 0.1206 | 5.5% | 8.2% | 11.4% | 7.6% | 1% |
| BRL | Brazilian Real | dynamic | 0.1954 | 0.1837 | 6.2% | 4.7% | 18.9% | 4.8% | 6% |
| HUF | Hungarian Forint | static | 0.0032 | 0.0030 | 7.0% | 7.6% | 18.2% | 14.4% | 3% |
| SEK | Swedish Krona | static | 0.1053 | 0.0978 | 7.4% | 7.1% | 12.9% | 4.5% | 12% |
| CLP | Chilean Peso | static | 0.0011 | 0.0010 | 8.0% | 3.4% | 9.6% | 1.8% | 17% |
| GBP | British Pound | dynamic | 1.3499 | 1.2330 | 9.1% | 8.4% | 8.3% | 3.5% | 9% |
| SGD | Singapore Dollar | static | 0.7811 | 0.7077 | 9.9% | 9.0% | 6.5% | 6.2% | 11% |
| FIM | Finnish Markka | static | 1.1542 | 1.0193 | 12.4% | 11.3% | 12.3% | 4.4% | 28% |
| TRY | Turkish Lira | dynamic | 0.0209 | 0.0178 | 16.1% | 9.1% | 17.8% | 16.2% | 2% |
| ILS | Israeli Shekel | static | 0.3337 | 0.2816 | 17.0% | 18.2% | 6.5% | 2.2% | 6% |
| COP | Colombian Peso | dynamic | 0.0003 | 0.0003 | 17.0% | 8.7% | 15.1% | 11.5% | 3% |
| ZAR | South African Rand | dynamic | 0.0618 | 0.0503 | 20.6% | 19.1% | 12.8% | 4.4% | 17% |
| MXN | Mexican Peso | static | 0.0584 | 0.0460 | 24.0% | 23.3% | 11.5% | 6.5% | 1% |
| RON | Romanian Leu | static | 0.2203 | 0.1710 | 25.3% | 18.0% | 14.0% | 13.2% | 1% |