How Does Your Currency Fare In Burgernomics?

Lisa Smith, BA (Hons), CeFA
By

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$

CountryCurrency% Value v US$Big Mac price in local currency
SwitzerlandFranc14.006.50
USA$0.005.74
SwedenKrona-6.2051.00
CanadaC$-10.205.74
NorwayKrone-15.4042.00
IsraelShekel-17.0017.00
UruguayPeso-18.80164.00
BrazilReal-19.9017.50
Euro areaEuro-20.304.08
DenmarkKrone-21.5030.00
LebanonPound-24.906500.00
SingaporeS$-25.805.80
AustraliaA$-25.806.15
New ZealandNZ$-26.306.40
BritainPound-28.503.29
UAEDirham-30.0014.75
Costa RicaColón-31.402290.00
ThailandBaht-32.70119.00
ChilePeso-33.302640.00
South KoreaWon-33.604500.00
Czech Rep.Koruna-35.0085.00
BahrainDinar-35.301.40
ColombiaPeso-35.8011900.00
Sri LankaRupee-36.50640.00
KuwaitDinar-37.101.10
JapanYen-37.50390.00
QatarRiyal-37.8013.00
HondurasLempira-38.8086.00
Saudi ArabiaRiyal-39.6013.00
CroatiaKuna-41.9022.00
NicaraguaCórdoba-42.20110.00
GuatemalaQuetzal-43.3025.00
JordanDinar-43.502.30
PeruSol-44.3010.50
OmanRial-45.201.21
HungaryForint-46.00900.00
PakistanRupee-46.90480.00
ChinaYuan-46.9021.00
ArgentinaPeso-50.00120.00
PolandZloty-50.6010.80
VietnamDong-51.3065000.00
PhilippinesPeso-51.80142.00
IndiaRupee-53.50183.00
MexicoPeso-53.9050.00
Hong KongHK$-54.3020.50
EgyptPound-56.0042.00
TurkeyLira-57.4013.99
MoldovaLeu-57.9043.00
AzerbaijanManat-59.403.95
TaiwanNT$-59.8072.00
IndonesiaRupiah-60.5032000.00
UkraineHryvnia-61.3057.00
RomaniaLeu-61.609.30
South AfricaRand-61.9031.00
MalaysiaRinggit-62.808.85
RussiaRouble-64.50130.00

Source: The EconomistJuly 19, 2019

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