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Mapped: The Price of a Big Mac Across the World
What can a Big Mac tell us about currency rates? As it turns out, quite a lot. The Big Mac Index, created by The Economist in 1986, started out as a simple tool to make currency theory more digestible. Now, it’s a widely-known measure in popular economics to assess and compare currency valuations. In short, the Big Mac index compares the purchasing power parity (PPP) of currencies using the price of a Big Mac in the U.S. as the benchmark. It shows how much a Big Mac costs in various countries compared to the U.S., but it also works as a way to assess exchange rates. In this graphic, we visualize the price of a ... (full story)
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- Jul 23, 2024 12:52am Jul 23, 2024 12:52am
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WaspyGlasses - | Joined Nov 2014 | Status: Member | 24 Comments
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- Posted: Jul 22, 2024 4:26pm
- Submitted by:Category: Entertainment NewsComments: 1 / Views: 9,233
