The Big Mac Index is an informal way of measuring the purchasing power parity between two currencies.
The indicator is based on the fact that the ingredients used in Big Mac are the same over the globe, and hence variation in dollar cost in any country is a direct measure on the valuation of the currency.
The Big Mac Index is an informal way of measuring the purchasing power parity between two currencies.
The indicator is based on the fact that the ingredients used in Big Mac are the same over the globe, and hence variation in dollar cost in any country is a direct measure on the valuation of the currency.