The ruble, according to the Big Mac Index published by The Economist, has once again become one of the most undervalued currencies in the world. In the United States, a burger costs $ 5.65 (420 rubles), while in Russia it costs 169 rubles, or $ 2.27. Thus, the fair rate of the Russian currency should be 29.91 rubles per dollar, and now the ruble is undervalued by 59.9%. The ruble was in the penultimate place among the currencies presented in the rating. The ruble held a similar position in the ranking in January 2021, as well as in January and July 2020. Last on the list is the Lebanese pound, which is 70.2% undervalued. The list also includes the euro (11.1%) and the British pound (15.9%). The list of overvalued currencies includes the Venezuelan bolivar (47.7% overvalued), the Swiss franc (24.7%), the Norwegian krone (11.5%) and the Swedish krona (9.6%). The Big Mac Index has been calculated since 1986 and is published twice a year. The indicator is based on the theory of purchasing power parity of the currency, which assumes that in the long term, the exchange rate should equalize the value of a basket of goods and services in different countries. As an indicator, the price of a burger is taken, which is sold in McDonald’s restaurants in most countries. If the price of a Big Mac in dollars turns out to be higher than in the United States, then the corresponding currency is considered overvalued, if it is lower, then vice versa. Meanwhile, in the foreign exchange trading on the Moscow Exchange on Thursday, July 22, the Russian ruble rose against all 3 leading currencies in the world. The ruble against the US dollar – RUB / USD – broke through the level of 74 rubles from above. During the session, the ruble exchange rates against world currencies with settlements for “today”: • US dollar – 73.7578 rubles, down by 5856 points; • euro – 86.9477 rubles, down by 6134 points; • yuan – 11.4080 rubles, down by 934 points (1 point – 0.01 kopecks). The Central Bank of Russia set the exchange rate for July 22: • US dollar – 73.6945 rubles, down by 80.02 kopecks; • euro – 86.9227 rubles, down by 67.56 kopecks. The balances of credit institutions’ funds on correspondent accounts with the Central Bank of Russia on July 22 amounted to 4 trillion 553 billion 700 million rubles, in the Moscow region – 4 trillion 326 billion. the region – 3 trillion 734 billion 300 million. The balances of funds of credit institutions on deposits with the Central Bank as of July 22 amounted to 516 billion 100 million rubles. against 687 billion 542 million on July 21. The balance of operations of the Central Bank of Russia with the country’s banks for the provision and absorption of ruble liquidity with a deadline on July 22 decreased to -316.9 billion rubles. On July 21, the balance was 266.5 billion. On July 20, the Central Bank of Russia bought currency for the Ministry of Finance within the framework of the budgetary rule for 13.5 billion rubles. On July 19, the volume of foreign currency purchases also amounted to 13.5 billion.Russia’s international reserves as of July 16 amounted to $ 597.4 billion.As of July 9, international reserves amounted to $ 593.8 billion – an increase over the week by $ 3.6 billion, or 0.6% … The reason is the positive revaluation and purchases of foreign currency within the framework of the budget rule. International reserves are highly liquid financial assets at the disposal of the Central Bank and the Russian government, consisting of assets in foreign currency, monetary gold, special drawing rights (the IMF’s currency), a reserve position in the IMF and other reserve assets. Weighted average rate with calculations “for tomorrow” on July 16, Friday, and July 19-21 (1 point for all currencies – 0.01 kopecks): US dollar: July 16 – 74.1716 (+0.0026); July 19 – 74.5412 (+0.3696); July 20 – 74.5202 (-0.0210); July 21 – 74.2867 (-0.2335). Euro: July 16 – 87.5654 (-0.1173); July 19 – 87.8869 (+0.3215); July 20 – 87.7473 (-0.1396); July 21 – 87.5045 (-0.2428). Yuan: July 16 – 11.4618 (-0.0206); July 19 – 11.4805 (+0.0187); July 20 – 11.4874 (+0.0069); July 21 – 11.4878 (+0.0004). On July 22, the auction gave the following results. US dollar exchange rate – 73.7793 rubles: • 4901 points lower; • a total of 34188 transactions were concluded • for the amount of 164 billion 833 million 750 thousand rubles. Euro exchange rate – 87.0476 rubles: • lower by 4460 points; • A total of 5861 transactions were concluded • for the amount of 27 billion 222 million 220 thousand rubles. RMB exchange rate – 11.4076 rubles: • lower by 805 points; • A total of 352 transactions were concluded • for the amount of 972 million 720 thousand rubles. Source: finmarket.ru