Photo: Daily Chart: Interactive Big Mac index. Our fun guide allows users to choose a base currency and track the burger-based exchange rates of multiple nations over time. The Big Mac index was invented by The Economist 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 global exchange rates should eventually adjust to make the price of identical baskets of tradable goods the same in each country. Our basket contains just one thing, a Big Mac hamburger. View interactive chart via http://econ.st/Xo2pS0 #bigmacindex
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The Economist
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Daily Chart: Interactive Big Mac index. Our fun guide allows users to choose a base currency and track the burger-based exchange rates of multiple nations over time. The Big Mac index was invented by The Economist 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 global exchange rates should eventually adjust to make the price of identical baskets of tradable goods the same in each country. Our basket contains just one thing, a Big Mac hamburger. View interactive chart via http://econ.st/Xo2pS0 #bigmacindex
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