The Index compares the price of McDonald's Big Mac burger in different countries to determine the 'real' value of a currency.
Across much of Asia, currencies appear undervalued, with Taiwan standing out. In Japan, the yen is undervalued by about 50.5%, while in South Korea, the won is undervalued by roughly 38.9%, based on ...
Learn how the Big Mac Index uses burger prices to compare global purchasing power parity, its significance in economics, and real-world applications.
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