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The South African rand is the weakest currency in the world – The Economist

16 January 2020 2:45 PM
Tags:
Rand
Lira
The Economist
Big Mac Index
rouble
leu
krone
franc
The rand is undervalued by 62% against the US dollar, according to the latest Big Mac Index by The Economist.

(Read: Believe it, or not – the cost of living in SA is amongst the lowest in the world)

The South African rand is the weakest currency in the world.

The rand is undervalued by 62% against the US dollar, according to the latest Big Mac Index by The Economist.

Picuture: Pixabay.com

Other currencies that are extremely undervalued:

  • Russian rouble (61.2%)

  • Romanian leu (61.2%)

  • Turkish lira (61%)

The US dollar is strong by historical standards and all but two of the world’s currencies – the Norwegian krone and the Swiss franc - are undervalued when measured against it.

Having an undervalued currency makes a country’s exports more competitive and its imports more expensive.

(Read: Believe it, or not – the cost of living in SA is amongst the lowest in the world)

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16 January 2020 2:45 PM
Tags:
Rand
Lira
The Economist
Big Mac Index
rouble
leu
krone
franc

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