Most currencies in Asia look undervalued. However, it would be wrong to conclude that Asia’s currencies are set for rapid appreciation. In 2013, we think an escalation in the euro-zone crisis will dull investors’ appetite for risk, which will put downward pressure on Asian currencies. Further ahead, we think that Asia’s currencies are likely to strengthen but that the pace of appreciation is unlikely to be rapid. As such, Asia’s currencies are likely to remain undervalued for some time to come.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services