"The euro is worth about $1.22 on the foreign-exchange markets. A Big Mac costs €2.92, on average, in the euro zone and $3.06 in the United States. The rate needed to equalise the burger's price in the two regions is just $1.05. To patrons of McDonald's, at least, the single currency is overpriced."
Tracking the latest news on the food, chains, industry and trends of Fast Food.
brought to you by Fast Food Facts - the fast food nutrition database.
Friday, June 10, 2005
Fast food as currency indicator
The Economist's 'Big Mac Index' compares the worldwide prices of a Big Mac to the US price to analyze currency exchange rates. This year's index indicates that the Euro is overvalued by 17% against the dollar:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment