Convention:
EM currencies (BRL, MXN, etc.) quoted as CCY per USD — positive deviation means the CCY is weaker than model implies.
EUR, GBP, AUD, NZD quoted as USD per CCY — positive deviation means the CCY is stronger than model implies.
Deviation = (actual − model) / actual × 100.
Current Deviation vs Fair Value — All Currencies
Red = rich (above 90th percentile band) · Blue = cheap (below 10th percentile) · Grey = within range · Click a bar to open in Single Currency