The Economist calls it “global exchange rates, to go” and it may be the most accessible guide to whether currencies across the globe are at their correct level. It’s based on the theory of purchasing power parity and uses as its metric the average price of a certain ubiquitous hamburger. Read more about the Big Mac Index.
A Taste of the World’s Currencies with The Big Mac Index (Economist)
January 27, 2014 By Leave a Comment