Currency Valuations: Charting Which is Under/Over Valued….
May 30, 2011 at 09:44 AM EDT
Check out the relative valuations. The U.S. dollar is well undervalued and the Yen overvalued. At least using this calculation… The BOE states: An effective exchange rate is a measure of the value of a currency against a `basket’ of other currencies, relative to a base date. It is calculated as a weighted geometric average [...]