The correct price should have been $3.59, representing a 5% overvaluation of the New Zealand currency against the dollar.

正确的价格应为3.59美元，这意味着新西兰货币相对于美元被高估了5%。

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Recently they have argued that lower inflation plus a slow, steady slide in the real, as now will in time correct any overvaluation of the currency.

ECONOMIST: Brazil on borrowed time

The Brazilian government, in its frustrated attempt to save the dollar and keep its currency from overvaluation, has come up with a new set of macroeconomic measures for the currency markets.

FORBES: Brazil Throws Dollar Yet Another Life Raft

The recent sharp appreciation of the single currency did not "signal a serious overvaluation", Jens Weidmann argued in a speech that came at a time of rising fears the eurozone stands to lose most in a global currency war.

CNN: US Treasury triggers fall in yen