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 | 0.0080 | -24.7% | -24.8% | 14.5% | 12.8% | 1% |
| INR | Indian Rupee | dynamic | 0.0107 | 0.0130 | -19.1% | -19.1% | 7.5% | 7.8% | 3% |
| IDR | Indonesian Rupiah | static | 0.0001 | 0.0001 | -10.8% | -11.5% | 7.0% | 2.6% | 2% |
| PHP | Philippine Peso | static | 0.0167 | 0.0185 | -10.5% | -11.8% | 11.0% | 4.4% | 5% |
| DKK | Danish Krone | static | 0.1553 | 0.1678 | -7.8% | -6.7% | 13.8% | 8.3% | 14% |
| CAD | Canadian Dollar | static | 0.7200 | 0.7769 | -7.6% | -8.5% | 12.0% | 5.4% | 5% |
| THB | Thai Baht | static | 0.0308 | 0.0319 | -3.5% | -1.4% | 6.8% | 3.3% | 20% |
| KRW | South Korean Won | dynamic | 0.0007 | 0.0007 | -3.0% | -4.0% | 11.5% | 4.2% | 15% |
| COP | Colombian Peso | dynamic | 0.0003 | 0.0003 | -2.1% | -7.8% | 14.6% | 11.2% | 2% |
| TWD | Taiwan Dollar | static | 0.0313 | 0.0320 | -2.0% | 0.1% | 8.2% | 9.6% | 1% |
| NZD | New Zealand Dollar | dynamic | 0.5761 | 0.5794 | -0.6% | -4.6% | 13.7% | 5.9% | 18% |
| CNY | Chinese Yuan | static | 0.1456 | 0.1447 | 0.6% | -0.2% | 4.1% | 2.9% | 10% |
| CHF | Swiss Franc | static | 1.2574 | 1.2360 | 1.7% | 0.6% | 10.1% | 6.4% | 11% |
| AUD | Australian Dollar | dynamic | 0.6964 | 0.6831 | 1.9% | 2.5% | 11.8% | 2.8% | 23% |
| RUB | Russian Ruble | static | 0.0126 | 0.0124 | 2.2% | -2.3% | 18.5% | 11.3% | 5% |
| EUR | Euro | static | 1.1602 | 1.1303 | 2.6% | 2.0% | 12.1% | 4.8% | 17% |
| CLP | Chilean Peso | static | 0.0011 | 0.0011 | 3.1% | 2.4% | 9.6% | 1.8% | 17% |
| NOK | Norwegian Krone | static | 0.1036 | 0.0996 | 3.9% | 1.7% | 12.9% | 7.9% | 3% |
| HUF | Hungarian Forint | static | 0.0030 | 0.0029 | 4.3% | 4.5% | 18.2% | 14.8% | 4% |
| CZK | Czech Koruna | static | 0.0474 | 0.0454 | 4.4% | 6.4% | 14.6% | 6.7% | 6% |
| BRL | Brazilian Real | dynamic | 0.1946 | 0.1823 | 6.5% | 3.6% | 19.3% | 5.3% | 7% |
| SGD | Singapore Dollar | static | 0.7806 | 0.7276 | 7.0% | 9.8% | 6.4% | 6.2% | 11% |
| GBP | British Pound | dynamic | 1.3309 | 1.2264 | 8.2% | 7.6% | 8.5% | 3.4% | 11% |
| HKD | Hong Kong Dollar | static | 0.1276 | 0.1157 | 9.8% | 9.6% | 11.5% | 7.7% | 1% |
| SEK | Swedish Krona | static | 0.1064 | 0.0961 | 10.2% | 9.6% | 12.9% | 4.7% | 11% |
| MYR | Malaysian Ringgit | static | 0.2490 | 0.2211 | 11.9% | 11.7% | 10.1% | 3.2% | 7% |
| FIM | Finnish Markka | static | 1.1602 | 1.0015 | 14.7% | 13.4% | 12.5% | 4.6% | 27% |
| ILS | Israeli Shekel | static | 0.3205 | 0.2761 | 14.9% | 14.9% | 6.3% | 2.0% | 8% |
| ZAR | South African Rand | dynamic | 0.0598 | 0.0495 | 18.8% | 15.8% | 13.1% | 4.3% | 18% |
| MXN | Mexican Peso | static | 0.0565 | 0.0453 | 22.2% | 19.7% | 11.4% | 6.3% | 1% |
| TRY | Turkish Lira | dynamic | 0.0225 | 0.0172 | 26.4% | 11.2% | 18.2% | 16.5% | 3% |
| RON | Romanian Leu | static | 0.2277 | 0.1723 | 27.8% | 19.1% | 13.8% | 13.5% | 1% |
Source: Quantitative Investment Office, Open Exchange Rates