According to analysts at Deutsche Bank, the Polish zloty is the word’s cheapest currency, Business Insider reports. The German bank’s experts say the currency is undervalued by 10%. In future, the exchange rate of the Polish zloty is seen to rise as Poland’s economy is expanding on the back of strong PMI data, record low unemployment and rising wages.
Moreover, the Swedish krona and the Japanese yen are among the top three word’s most undervalued currencies.
As for the most overvalued currencies, Deutsche Bank economists say they are the Australian dollar, the Hong Kong dollar and the Chinese yuan.
The Russian ruble is also in the list of the most undervalued currencies, but it has little potential, experts at Deutsche Bank claim.
