RIO DE JANEIRO, BRAZIL - The Institute of International Finance (IIF) considers that the currencies of Brazil, China, Turkey and several emerging Asian countries are "undervalued."
In a report, the Washington-based institution comprising the world's 500 largest banks assesses estimates of currency misalignment for 2022, also considering that the currencies of Argentina, Colombia, India, Mexico, Egypt and South Africa are overvalued.
The institute details its methodology in the report and notes that since 2013, the Turkish lira has dropped sharply against the dollar, but there is also a significant downward trend in other currencies, such as the Argentine peso . . .
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