Russian ruble ranked world’s most undervalued currency against US dollar

The Russian ruble

The Russian ruble has been ranked the world’s most underrated currency against the US dollar by the 2021 Big Mac Index, which provides an assessment of the purchasing power of currencies compared to each other.

The index, created by The Economist, represents a light-hearted guide to alignment of world currencies in regard to the greenback. It is based on comparative study of price for a McDonald’s Big Mac in different countries.

Continue reading https://on.rt.com/azcc