BIG MAC INDEX
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The statistic depicts the so-called Big Mac index in The index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Switzerland was 6. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U. Its global revenue amounted to about Most McDonald restaurants are spread across the United States. Average price in U. Full access to 1m statistics Incl. Premium Account. Show source. Supplementary notes.
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Burgernomics: Which country has the cheapest Big Mac?
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Statista Accounts: Access All Statistics. First, governments have discovered that devaluing currencies is another tool for policy makers to kick-start moribund economies. Sure enough, that triggered both a rally in the Japanese stock market, and maybe — just maybe — a sustainable economic recovery.
Second, as the global economic recovery takes hold, developed, non-commodities-based economies are doing better than expected, while formerly red-hot emerging markets founder. As a group, the Scandinavian currencies have always been the most overvalued ones in the world. A Big Mac in Oslo today is The safe haven Swiss franc is overvalued by All of these figures are down over the past few years.
What the Big Mac Index can tell us about currencies around the world
And I bet it has further to go. For as long as I can recall, the Chinese yuan has been consistently the most undervalued currency in the world. Today, it is far from that.
But that has nothing to do with the Chinese. The Chinese yuan remains remarkably stable, still trading The Mexican peso and Chinese yuan are now valued roughly equally — which is part of the reason that so many U. The Japanese yen FXY is undervalued by But with the Japanese central bank committed to driving the yen down further, I would not go long on the yen.
You could also bet on some less mainstream currencies, as well. In case you missed it, I encourage you to read my e-letter column from last week about why small caps are the best investment. I also invite you to comment in the space provided below. Like This Article? Stock Investor editor Paul Dykewicz reveals why investing in timber may be one of the best long-term portfolio strategies you'll find today.
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.