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The Big Mac index


 

OUR 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. Our basket contains just one thing, a Big Mac hamburger.

Today we launch our interactive Big Mac index, which allows users to choose a base currency and track the burger-based exchange rates of multiple nations over time.

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Categories: Uncategorized
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