Picture: FINANCIAL MAIL
Picture: FINANCIAL MAIL

RMB has developed a milk index that determines which African currencies are undervalued, overvalued or fair valued.

The latest data shows that the rand and Egyptian pound stand out among African currencies as trading close to fair value.

Business Day TV spoke to Neville Mandimika from RMB for more of the detail about the index.

Or listen to the full audio:

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.