Tag: Big Mac index
Big Mac indexVenezuelan currency overvalued by 83% according to the Big Mac index
The Big Mac index computed by The Economist showed that the Venezuelan Bolivar is the most overvalued currency worldwide with respect to the US dollar, reflecting the imbalance of the Venezuelan economy.
Why you can’t find a Big Mac on Argentina’s Mc Donald’s menu?
Argentina’s booming economy has been one of the few bright lights in an otherwise gloomy global financial picture the last few years. But inflation of up to 25% threatens that growth. It's one of the world’s highest inflation rates, reports the US public funded Public Radio International.
Brazil’s currency the most overvalued: anywhere from 52% to 149% vis-à-vis the US dollar
The Brazilian Real is the world's most expensive currency and is 149% overvalued against the dollar and the Colombian peso, the next most expensive currency is 108% above the US currency, according to British magazine The Economist, which has created a new version of the Big Mac index.
Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP
The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.
