Bank of America: Emerging-market currencies undervalued by 0.9%
Emerging-market currencies are undervalued by an average of 0.9%, according to a proprietary valuation framework developed by Bank of America Merrill Lynch strategists, which estimates the long-term equilibrium exchange rate for 22 emerging-market currencies, MTI news agency reported yesterday.
Latin American currencies remain 14% overvalued on average, according to the model, while Asia as well as Eastern Europe, the Middle East and Africa still look cheap. Asian currencies are 5% undervalued, while EEMEA shifted from a 5% to 9% average undervaluation over the past year, mainly driven by Hungary and Poland, according to BofA/ML.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Poland Retail Sales Growth Stable in March
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
