WHICH country has the world's most undervalued currency?

世界上哪个国家最低估了货币？

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THE yen is perhaps the world's most undervalued currency.

日元大概是世界上被低估最为严重的货币了。

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These companies also fight behind the shield of a grossly undervalued currency.

这些公司也在被严重低估的货币的保护下竞争。

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China's currency policies have been intensely criticized by countries who say the yuan has been undervalued for China's own benefit.

VOA: standard.2010.06.21

Germany takes great advantage of a vastly undervalued currency that renders its exports far cheaper than they would be otherwise.

FORBES: Why Germany Cannot Escape Inevitable Inflation

The latest of those, which passed the Senate in October, calls for retaliation against any country that engineers an oversized surplus with an undervalued currency.

ECONOMIST: Exports

As long as there was uncertainty about the long-term value of the Swiss franc, speculators who thought the currency undervalued had an incentive to buy francs in order to profit from the appreciation, pushing the price up in the process.

FORBES: Central Banks Are Never "Out of Ammunition"