Dollar, the Euro, Japanese Yen and South Korean Won, with a smaller proportion made up of the British Pound, Thai Baht, Russian Ruble, Australian Dollar, Canadian Dollar and Singapore Dollar. There can be no assurance that the relationship between the RMB and these currencies will remain ...
By 1997 the Thai Baht was overvalued against the dollar. i. A currency pegged at a value above the market equilibrium exchange rate is said to be overvalued. ii. A currency pegged at a value below the market equilibrium exchange rate is said to be undervalued. When investors make it more...