Illustrate the characteristics of the Big Mac Index as a tool to measure the over / under valuation of a currency against a foreign currency, enter now in detail to compare these results with those provided monthly by the OECD and indicated in the post "A TOOL TO TELL IF A CURRENCY AND 'CHEAP: THE BIG MAC INDEX ".
The limit of the OECD data is related to the delay with which they are released (the latest release is reported to June 2009), while the Big Mac Index, we can get the latest information day by day, a relevant factor in considering the 'high volatility of world currency.
Exclusively for our readers we publish a table owner can provide the over / under assessments of each currency against € (analysis available on the Internet are almost always as a benchmark the U.S. Dollar and the Euro).
The columns indicate, respectively, from left to right, the nation, the Big Mac price in local currency, the price expressed in U.S. dollars, the price expressed in euros, the exchange rate € / against the local currency which is done conversion, over / under-estimation of the local currency against the euro (green column), the theoretical relationship break-even exchange rate € / local currency.
The green column is set to allow a fall from higher exchange underestimate (and thus convenient for the Italian national who holds the portfolio of Euro) to the more onerous.
seems evident that the entire area of \u200b\u200bthe Far East is very advantageous for Europeans, with the first four positions occupied by Hong Kong, China, Thailand and Malaysia, countries in which the world's most famous sandwich costs an average of 60 % less than its nominal level to break even, go shopping in those places is manna falling from heaven. Usually
emerging countries have their currencies undervalued in the structural make it attractive for the local market and benefit the exports to developed countries and no exception to this rule in South Africa, next stop the World Cup. Travelers will dine on Italian Mc Donald's spending over 50% cheaper than at home. If
Mexico and throughout the Eastern bloc in Europe confirms the results of the OECD, the shopper / traveler Europeans can afford to spend their euros on terms very advantageous in Australia, New Zealand, Argentina, Japan, Canada, but especially the United States and Britain, two very popular destinations from both real and virtual travelers thanks to the myriad sites is associated with on-line.
The percentage of "discount" for both currencies currency fluctuates around 20%, with a theoretical exchange rate parity should be stationed at the 1.08 and 0.69 for EURUSD EURGBP to clear the competitive advantage of the goods premises. Turning
look to the north are areas of the world where our Euro offers little satisfaction, Sweden, Denmark, Switzerland, but most appear to have been in Norway which, for the current exchange rates, the Big Mac will cost us 15 to 40% more that in our house.
The limit of the OECD data is related to the delay with which they are released (the latest release is reported to June 2009), while the Big Mac Index, we can get the latest information day by day, a relevant factor in considering the 'high volatility of world currency.
Exclusively for our readers we publish a table owner can provide the over / under assessments of each currency against € (analysis available on the Internet are almost always as a benchmark the U.S. Dollar and the Euro).
The columns indicate, respectively, from left to right, the nation, the Big Mac price in local currency, the price expressed in U.S. dollars, the price expressed in euros, the exchange rate € / against the local currency which is done conversion, over / under-estimation of the local currency against the euro (green column), the theoretical relationship break-even exchange rate € / local currency.
The green column is set to allow a fall from higher exchange underestimate (and thus convenient for the Italian national who holds the portfolio of Euro) to the more onerous.
seems evident that the entire area of \u200b\u200bthe Far East is very advantageous for Europeans, with the first four positions occupied by Hong Kong, China, Thailand and Malaysia, countries in which the world's most famous sandwich costs an average of 60 % less than its nominal level to break even, go shopping in those places is manna falling from heaven. Usually
emerging countries have their currencies undervalued in the structural make it attractive for the local market and benefit the exports to developed countries and no exception to this rule in South Africa, next stop the World Cup. Travelers will dine on Italian Mc Donald's spending over 50% cheaper than at home. If
Mexico and throughout the Eastern bloc in Europe confirms the results of the OECD, the shopper / traveler Europeans can afford to spend their euros on terms very advantageous in Australia, New Zealand, Argentina, Japan, Canada, but especially the United States and Britain, two very popular destinations from both real and virtual travelers thanks to the myriad sites is associated with on-line.
The percentage of "discount" for both currencies currency fluctuates around 20%, with a theoretical exchange rate parity should be stationed at the 1.08 and 0.69 for EURUSD EURGBP to clear the competitive advantage of the goods premises. Turning
look to the north are areas of the world where our Euro offers little satisfaction, Sweden, Denmark, Switzerland, but most appear to have been in Norway which, for the current exchange rates, the Big Mac will cost us 15 to 40% more that in our house.
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