WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Sunday, July 22, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email

THE ECONOMIST's Big Mac index shows US dollar overvalued against most global currencies
Thursday, July 12, 2018

New version of the patty-powered currency guide just released

LONDON, July 12, 2018 /PRNewswire/ -- As global trade tensions continue to escalate, The Economist's latest Big Mac index shows the US dollar is overvalued against most of the world's currencies including the euro and the British pound by 16% and 30%, respectively.

Other highlights from this edition of the Big Mac index:

    --  Only the Swiss franc (19%) and Swedish krona (6%) look overvalued
        against the dollar
    --  The Norwegian krone now looks undervalued by 5%, having looked
        overvalued by 18% in January. This was due to McDonald's cutting the
        price of Big Macs by 14% rather than the dollar's strength against the
    --  The biggest mover from January was the Argentinian peso, whose recent
        collapse against the dollar took it from looking 25% undervalued to 51%
        undervalued now
    --  Egypt's pound is now the cheapest looking currency in the index; 68%
        undervalued against the dollar
    --  13 new currencies were added to the index, all of which look undervalued
        against the dollar

The Economist's Big Mac index was first invented in 1986 as a lighthearted guide to whether currencies are at their "correct" level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

Since its launch in print 32 years ago and as an online dashboard in 2012, the interactive Big Mac index has undergone its most radical change with this version. Based on thousands of user interactions and survey responses, the interactive dashboard has been optimised for mobile devices and simplified to make it more digestible for first-time readers while maintaining the depth of data and analysis that veteran users have come to expect.

The full report including the latest data and interactive graphic for 55 countries plus the euro area zone is available at

About The Economist (
With a growing global audience and a reputation for insightful analysis and perspective on every aspect of world events, The Economist is one of the most widely recognised and well-read current affairs publications in the world. In addition to the weekly print and digital editions and website, The Economist publishes Espresso, a daily news app, Global Business Review, a bilingual English-Chinese product and Economist VR, a virtual-reality app. Economist Radio produces several podcasts a week and Economist Films produces short- and long-form video. The Economist maintains robust social communities on Facebook, Twitter, LinkedIn, Snapchat, LINE, Medium and other social networks. A recipient of many editorial and marketing awards, The Economist was recently named the most trusted news source in the 2017 Trusting News Project Report.

View original content with multimedia:

SOURCE The Economist

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Noble Profit Introduces BFlow Network, Token And Protocol To Improve Global Sustainability Reporting And Validation | Jul 21, 2018
Nav Digital Marketing Agency, fishbat, Shares What You Need to Know About Managing Your YouTube Channel | Jul 21, 2018
Nav Valpak appoints Sales Director of Los Angeles territory | Jul 20, 2018
Nav Global Cider Market 2016-2018 & 2024: Recent Industry Activity, Product Innovations, Overview and Focus on Key Players | Jul 20, 2018
Nav Global Green Building Materials Markets, 2016-2018 & 2024: Growing Prominence of Energy Efficient Smart and Green Buildings Drive Strong Demand for Green Building Materials | Jul 20, 2018
Nav Valpak appoints Sales Director of Greater St. Louis & Omaha territories | Jul 20, 2018
Nav Points announces $8 Million in Seed Funding for Blockchain Data Collaboration Protocol, Delivering Credit Ratings for the Unbanked | Jul 20, 2018
Nav AppXite is Launching the World's First End-to-End e-Commerce and Quote-to-Cash Solution for Microsoft Dynamics 365 Business Central | Jul 20, 2018
Nav Global HIV Drugs Market 2018-2023: Key Players are Bristol-Myers Squibb, Gilead Sciences, GlaxoSmithKline, Johnson & Johnson & Merck | Jul 20, 2018
Nav Colonial Toyota examines current Highlander, Prius models | Jul 20, 2018

Submit News | View More News View More News