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Big Mac Index | The Economist
The Big Mac index is a fun guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that global exchange rates should eventually adjust to make the price of identical baskets of tradable goods the same in each country. The basket contains just one thing, a Big Mac hamburger.
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, the notion that global exchange rates should eventually adjust to make the price of identical baskets of tradable goods the same in each country. The basket contains just one thing, a Big Mac hamburger.){kind=link}
, the notion that global exchange rates should eventually adjust to make the price of identical baskets of tradable goods the same in each country. The basket contains just one thing, a Big Mac hamburger.){kind=link}