Rubles lose top undervalued currency status to Philippine peso

Thus, the ruble's purchasing power parity (PPP) rate is 2.68 times lower than the current rate and amounts to 32.42 rubles per dollar.

Consensus

The Russian ruble lost its status as the most undervalued currency in the world.
The Philippine peso took the top position as the most undervalued currency.
The assessment was based on purchasing power parity (PPP) calculations using the cost of a burger, fries, and soda.
The ruble's PPP rate is 2.68-fold lower than its official exchange rate.
The ruble's PPP rate was 3.3-fold lower a year ago.
The Philippine peso's real exchange rate is 3.75 times lower than its official rate.
The Indonesian rupiah is the second most undervalued currency at 3.67 times below official rate.
The Indian rupee is third at 3.24 times below official rate.
The Iranian rial is fourth, with its PPP rate three times lower than official.
The Israeli shekel is the most overvalued currency, with its rate 65% higher than PPP.
The Norwegian and Danish kroner are also overvalued, by 34% and 16% respectively.
The calculation method used by RIA Novosti is based on the cost of a standard basket of goods across countries.

The Bank of Russia set the official dollar rate at 86.59 rubles on September 5, with the updated rate to be published on the evening of August 7. — vedomosti
A strategist from Alfa-Bank, Nikita Yevrov, predicted stabilization and possible slight strengthening of the ruble in September due to increased exports, reduced imports, and changes in Ministry of Finance operations. — vedomosti
The event occurred in late summer 2026. — kommersant
Foreign currency began a sharp rise in mid-August. — vm