Bloomberg Announces Fair Value of World Currencies

Bloomberg Announces Fair Value of World Currencies Bloomberg announces the fair value of world currencies. According to the study of the fair values ​​of world currencies after the coronavirus epidemic, TL is 30 percent cheaper than it should be. In Bloomberg's study inspired by the International Monetary Fund (IMF) methodology, they drew attention to the fact that the foreign exchange market, which predicts the fair values ​​of currencies, is full of false pricing. According to the model that calculates fair values ​​based on economic fundamentals, there are quite a lot of miscalculations in market currencies. Accordingly, Czech Koruna seems 21 percent more expensive than the basics imply, while Indian Rupees seem 17 percent more valuable than it should be. Brazilian Real and Turkish Lira, on the other hand, are seen to be about 30 percent below the balance levels according to the model in question. The world's reserve currencies appear fairly close to their dollar and euro fair values. On the other hand, Swiss Franc and Danish Krone are seen as the currencies with the highest value among developed countries. These currencies are 11 percent and 10 percent above their intended value, respectively. Swedish Krona and Japanese Yen are the two weakest developed currencies. The Swedish Krona is 15 percent below value and the yen is 11 percent below the intended value.   Source: Bloomberg HT