Big Mac Index

The Economist  Jan 18  Comment 
IT IS usually considered quaint to predict foreign-exchange movements by reference to whether currencies are dear or cheap. Metrics such as The Economist’s Big Mac index, a lighthearted guide to exchange rates, hint at how far currency values...
The Economist  Jul 13  Comment 
THIRTY-ONE years ago, The Economist created the Big Mac index as a way of gauging how different currencies stacked up against the dollar. The index is based on the theory of purchasing-power parity, the idea that in the long run, exchange rates...
The Economist  Jan 12  Comment 
IT IS perhaps not surprising that the worst-performing major currency in the world this year is the Turkish lira. Many emerging-market currencies have taken a battering since the election in November of Donald Trump raised expectations of faster...
The Economist  Jan 5  Comment 
The Economist’s burger benchmark aims to make exchange-rate theory more digestible. Our correspondents chew over the reasons some currencies appear as cheap as chips
The Economist  Jul 18  Comment 
THIS week's print edition has an array of economics articles that may be of interest. The following have particularly caught our eye: Greece and the euro: From rage to resignation (Europe) Migration: No milk, less honey (Britain) The Big...  Jul 16  Comment 
Relative price of McDonald’s staple meal is 43% less in China than in US, according to The Economist’s fabled burgernomics measure China’s currency is significantly undervalued against the dollar, according to the Economist’s latest Big...
Clusterstock  Apr 14  Comment 
The Economist's "Big Mac Index" is a well-known measure of something called purchasing power parity. Basically, it's a measure of how far a dollar will go in any given country.  Ideally, it tells you which currencies are undervalued and...

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