Watch this video from The Economist, Asia and learn the Big Mag Economics. What can a Big Mac tell us about the global economy?
By comparing the prices of Big Mac in US dollars against the price of a Big Mac in another country’s currency, we can see whether a currency is over- or undervalued.
The Big Mac is sold in over 120 countries. The Economist created the "Big Mac index" in 1986 as a means of comparing currency valuations. Here's how it works
Posted by The Economist, Asia on Tuesday, September 18, 2018