How much is a Big Mac in your country?
#1
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How much is a Big Mac in your country?
I heard an interesting discussion of the value of the krugerrand (apparently much undervalued) today that said that economists use the price of a Big Mac (a basic hamburger on the McDonald's menu) as a valid measure of the relative strength of various currencies.<BR><BR>I wonder if European Fodorites would be willing to quote the price (if they know or can find out) of a Big Mac in their city, either in Euros or in their original currency or both.<BR><BR>Meanwhile, does anyone know if a Big Mac costs the same throughout the USA?
#7
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This is a post I made on the Asia board referencing the "Big Mac Index" on a question about the highest purchasing power with the U.S. dollar. <BR><BR>Author: philip ([email protected])<BR>Date: 01/06/2002, 04:35 pm<BR>Message: There is an economic tool called the Big Mac Index. Basically, what is the cost in U.S. dollars for a Big Mac in variety of countries. (Attached is a link to an April 2001 article in the Economist. <BR>http://www.economist.com/markets/bigmac/displayStory.cfm?Story_ID=472727<BR><BR>For reference the data shows the Phillipines at $1.06, Malaysia at $1.19, Thailand at $1.21, Brazil at $1.51, the U.S. at $2.55 and the U.K. at $2.99. <BR><BR>


