Friday, July 6, 2007

LOOKS LIKE WE GOTT STOP HAVING MACKERS

The Big Mac Index

Most rich-world currencies are overvalued against the dollar, including the euro (by 22%) and the Swiss franc (by 53%). The yen is an exception, but although it is undervalued by 33% in Big Mac terms, broader PPP measures would suggest that it is close to fair value.

Posted by chris @ 01:48 AM (348 views)
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