While it is not shown in the graphic above if you look at the more detailed version of the raw index you find that the New Zealand dollar is undervalued by 16.2% when compared to the US dollar but is overvalued by 7.1% when compared to Sterling. Adjust for GDP per person and the New Zealand dollar is undervalued by 1.1% when the base currency is the US dollar compared to being overvalued by 14.1% when the base currency is Sterling.
No comments:
Post a Comment