Regression based fairialue (Chart 17).
3%-
2% ■ Rich/Cheap (+/-)
1%
0%
• III"
-1%
-2% Percentage deviation of current spot from fitted value
based on a 3-year regression of the currency against
-3% local equities, local 10Y bonds, S&P, 10Y USTs, USD
711/I, Oil and Sovereign CDS (where available)
-4%
IDR KRW PHP TWD CNY SGD INR MYR THB
Source: Bloomberg Finance LP
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