How Does Your Currency Fare In Burgernomics?

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Burgernomics is a fun way of comparing currencies around the world by taking the cost of a typical Big Mac burger against the price of the same burger in New York.

Big Macs are a useful control for the experiment because they are the same size, weight and recipe just about everywhere.

So, says The Economist magazine which monitors the data, by taking a base currency, such as the US dollar and comparing the price of a Big Mac in New York with one in another city, the difference between the prices represents how under or over valued the currency is against the US dollar.

Over and undervalued currencies v US$

Country Currency % Value v US$ Big Mac price in local currency
Switzerland Franc 14.00 6.50
USA $ 0.00 5.74
Sweden Krona -6.20 51.00
Canada C$ -10.20 5.74
Norway Krone -15.40 42.00
Israel Shekel -17.00 17.00
Uruguay Peso -18.80 164.00
Brazil Real -19.90 17.50
Euro area Euro -20.30 4.08
Denmark Krone -21.50 30.00
Lebanon Pound -24.90 6500.00
Singapore S$ -25.80 5.80
Australia A$ -25.80 6.15
New Zealand NZ$ -26.30 6.40
Britain Pound -28.50 3.29
UAE Dirham -30.00 14.75
Costa Rica Colón -31.40 2290.00
Thailand Baht -32.70 119.00
Chile Peso -33.30 2640.00
South Korea Won -33.60 4500.00
Czech Rep. Koruna -35.00 85.00
Bahrain Dinar -35.30 1.40
Colombia Peso -35.80 11900.00
Sri Lanka Rupee -36.50 640.00
Kuwait Dinar -37.10 1.10
Japan Yen -37.50 390.00
Qatar Riyal -37.80 13.00
Honduras Lempira -38.80 86.00
Saudi Arabia Riyal -39.60 13.00
Croatia Kuna -41.90 22.00
Nicaragua Córdoba -42.20 110.00
Guatemala Quetzal -43.30 25.00
Jordan Dinar -43.50 2.30
Peru Sol -44.30 10.50
Oman Rial -45.20 1.21
Hungary Forint -46.00 900.00
Pakistan Rupee -46.90 480.00
China Yuan -46.90 21.00
Argentina Peso -50.00 120.00
Poland Zloty -50.60 10.80
Vietnam Dong -51.30 65000.00
Philippines Peso -51.80 142.00
India Rupee -53.50 183.00
Mexico Peso -53.90 50.00
Hong Kong HK$ -54.30 20.50
Egypt Pound -56.00 42.00
Turkey Lira -57.40 13.99
Moldova Leu -57.90 43.00
Azerbaijan Manat -59.40 3.95
Taiwan NT$ -59.80 72.00
Indonesia Rupiah -60.50 32000.00
Ukraine Hryvnia -61.30 57.00
Romania Leu -61.60 9.30
South Africa Rand -61.90 31.00
Malaysia Ringgit -62.80 8.85
Russia Rouble -64.50 130.00

Source: The EconomistJuly 19, 2019

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