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| | Big Mac index - Wikipedia, the free encyclopedia |
 | | The Big Mac PPP exchange rate between two countries is obtained by dividing the cost of a Big Mac in one country (in its currency) by the cost of a Big Mac in another country (in its currency). | | | The Big Mac index is an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. | | | One suggested method of predicting exchange rate movements is that the rate between two currencies should naturally adjust so that a sample basket of goods and services should cost the same in both currencies. |
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http://en.wikipedia.org/wiki/Big_Mac_index
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| | The Big Mac Index |
| | The Economist's Big Mac index was first launched in 1986 as a gastronome's guide to whether currencies were at their correct exchange rate. | | | The most expensive Big Macs are found in Britain, Denmark and Switzerland, which by implication have the most overvalued currencies. | | | The average price of a Big Mac in America is $2.54 (including sales tax). |
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http://clues.dhs.org/clues/bigmac.html
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| | Gulfnews: Vantage View: Valuing Arab currencies using the Big Mac index |
| | The Big Mac index was devised by The Economist in 1986 as a light-hearted indicator of whether currencies are at their "correct" valuation level. | | | The Big Mac PPP, calculated by dividing the local currency price of a Big Mac in a certain country by its American price, is the exchange rate that would leave Big Mac prices the same in the US as in other countries. | | | However, the Big Mac index is flashing an overvalued European currency which could bring the euro down back to its purchasing power parity with the dollar of 1.06 by year end. |
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http://archive.gulfnews.com/articles/04/06/15/123844.html
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| | Big Mac index forecast euro poised to fall |
| | Big Macs in Switzerland cost Sfr5.90, or $3.97. | | | A British Big Mac costs £1.90, or $3.07, which makes the pound overvalued by 26pc. | | | In France a Big Mac costs Ffr8.50, or $2.87. |
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http://www.money.telegraph.co.uk/htmlContent.jhtml?html=/archive/1999/04/02/cnmac02.html
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| | Economist.com |
| | Hamburgers cannot be traded across borders; prices may be distorted by taxes, different profit margins or differences in the cost of non-tradable goods and services, such as rents. | | | The euro area may have a single currency, but the price of a Big Mac varies widely, from euro2.15 in Greece to euro2.95 in France. | | | Devised 16 years ago as a light-hearted guide to whether currencies are at their “correct” level, the index is based on the theory of purchasing-power parity ( |
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http://www.stanford.edu/class/msande247s/bigmac02.htm
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| | Big Mac Index, Mondial economy indice, Bigmac Index, Bigmac, Burgernomics |
| | The average price of a Big Mac in four American cities is $2.90 (including tax). | | | The second column calculates Big Mac PPP s by dividing the local currency price by the American price. | | | Invented in 1986 as a light-hearted guide to whether currencies are at their “correct” level, our “basket” is a McDonalds' Big Mac, which is produced locally in almost 120 countries. |
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http://bigmac.biz/2004/index.php
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| | Zoo Station |
| | The Economist's Big Mac Index is an easy (even if overly simplistic) way to find out which currencies are under-valued and which are over-valued, depending on the cost of a McDonalds burger in the country. | | | As the Index states, the idea of PPP is that the currency's price should reflect its true purchasing power. | | | More important, the $5.05 charged for a Swiss Big Mac helps to pay for the retail space in which it is served, and for the labour that serves it. |
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http://wetware.blogspot.com/2005/06/new-big-mac-index-and-india.html
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| | Big Mac index: the euro, indeed, is overvalued |
| | According to the latest index, one Big Mac costs 3.06 US dollars in the US, while the weighted eurozone average for the same hamburger is 3.58 US dollars, which means that the common European currency is overvalued against the US dollar by 17%. | | | The Economist's annual 'Big Mac index, which has been an oft-cited gauge of the various currencies' strength since 1986, is based on the controversial theory of purchasing power parity (PPP). | | | The index is based on the notion that a currency's price should reflect its purchasing power. |
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http://www.euractiv.com/Article?tcmuri=tcm:29-140880-16&type=News
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| | #344 - What a Famous Hamburger's Now Saying About the Dollar |
| | Because the world's paper currencies are fairly in line with each other - a Big Mac costs the same in the countries of the world's major currencies. | | | According to the May 29, 2004 issue of the magazine, the editors invented the Big Mac Index "in 1986 as a light-hearted guide to whether currencies are at their 'correct' level." | | | Finally, I'd like to tell you about an event coming up that will help you to truly understand - and profit from - the foreign currency markets. |
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http://www.investmentu.com/IUEL/2004/20040611.html
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| | OrdinaryGweilo.com: The Big Mac Index |
| | We all know that salaries in Hong Kong are much higher than in Thailand, or even Malaysia, yet that is not reflected in the Big Mac index. | | | As to which currencies are under-valued, well the Hong Kong Dollar and Chinese Reminbi both appear to fall into this category based on this data, whereas the Pound and the Euro appear to be over-valued. | | | The prices in McDonalds tend to be indicative of prices generally, though obviously that is not always true. |
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http://www.ordinarygweilo.com/2004/01/the_big_mac_ind.html
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| | Brad DeLong's Semi-Daily Journal: Yet Another Big Mac index |
| | Two key factors left out of Big Mac-type indices is the cost of real estate and the level of taxes. | | | No one said that a typical Pakistani McDonalds worker actually works 14 hours and 14 minutes, then says, "hey, I think I'll spend all my money on a Big Mac!" It's just a ratio the price of a basket of goods (like wheat, cattle, tomatoes, processing equipment, etc) and the price of unskilled labor. | | | I don't know much about either economy, but I would expect them to be more similar. |
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http://delong.typepad.com/sdj/2005/06/yet_another_big.html
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| | Forex Blog: Big Mac Index tests PPP |
| | According to the Big Mac Index, Switzerland's currency is the most expensive, and the Chinese Yuan is the cheapest. | | | To be fair, though, one must take local variations in the cost of inputs into account. | | | The law of PPP holds the prices should be comparable across different countries, when converted into USD. |
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http://www.forexblog.org/2005/06/big_mac_index_t.html
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| | business.iafrica.com business news SA's Big Mac Index ranking improves |
| | The index also found Iceland the most overvalued currency, followed by Britain and the Euro area, the daily reported. | | | The rand was firmer but little changed during Monday morning trade, as the market remained quiet due to the Martin Luther Kind holiday in the US. | | | Take control of your financial future with our expert personal finance advice. |
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http://business.iafrica.com/news/202561.htm
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| | Hector Zerbino: The Braten Index / The Big-Mac Index - |
| | They are right that hamburgers are a flawed measure of PPP, because local prices may be distorted by trade barriers on beef, sales taxes, or big differences in the cost of non-traded inputs such as rents. | | | "We launched the Big-Mac index as a light-hearted guide to whether currencies are at their "correct" exchange rate. | | | the comparison across time may be performed by referring to the official "Inflation Indexes" compiled by Central Banks in most countries. |
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http://www.giacomo-casanova.de/zerbino.htm
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| | Big Mac Index |
| | Lest you were wondering, a Big Mac costs 260 yen, for an average wage of 1,733 yen an hour, according to UBS calculations for Tokyo. | | | At the bottom of the 50 cities that UBS surveyed from April through June was Nairobi where a Big Mac costs the equivalent of 175 minutes of labor. | | | According to UBS, it takes nine minutes of labor in Tokyo to buy a Big Mac, where as enslaved masses in LA must spend 11 minutes of labor to buy their Big Mac, and like wise, the suffering masses in New York must struggle for 12 minutes to earn enough to buy a Big Mac. |
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http://www.mail-archive.com/fukuzawa@ucsd.edu/msg15724.html
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| | The dollar's direct effect - May. 20, 2003 |
| | The Economist does this using the price of McDonald's (MCD: Research, Estimates) Big Mac, which cost an average of $2.71 in the United States as of late April. | | | Yet, in Switzerland, a Big Mac will cost you the equivalent of $4.52. | | | One way to understand how much the U.S. dollar is worth in another country is to look at local prices and then consider the exchange rate. |
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http://money.cnn.com/2003/05/20/pf/saving/weakdollar
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| | MacInTouch: timely news and tips about the Apple Macintosh |
| | Amazon also has an amazing price on Logitech's Z-2300 speaker system, which we use personally and highly recommend at the normal price. | | | Change the way you manage your end-point security. | | | Steve Stortz shared an interesting perspective on how Apple's decision to eliminate "Classic" Mac support affects the education market: |
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http://www.macintouch.com
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| | Big Mac index finds rand undervalue |
| | A Big Mac costs $2.56 in the US and R8 in SA - this suggests that in the real world, $1 should get you R3.13; instead using the current exchange rate of R5.04, an SA burger only costs $1.56 - 38% below the value suggested using the PPP method. | | | SA, investor scepticism about political stability is a discount inherent in the currency. | | | The Economist's Big Mac index suggests the rand is 38% undervalued against the US dollar. |
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http://www.btimes.co.za/98/0503/news/news5.htm
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| | Big Mac Index |
| | Calculated across time, it can be used as a measure of inflation and as an indicator of real earnings. | | | The comparison easily shows the strength or weakness of a currency or the relative cost of living (and relative earning power) of an area. | | | With the index, the prices of Big Mac sandwiches in different locales are compared to the price in New York City. |
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http://www.fohara.com/BigMac.htm
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| | Big Mac is cheapest in China (most expensive in Switzerland, annual Big Mac Index says) |
| | The Big Mac Index, introduced in 1986, compares burger prices in countries around the world, using the index as a rough guide to currency valuations. | | | But it also showed the greenback sliding against other major currencies. | | | The Index said these statistics showed that the Chinese yuan was the most undervalued currency in the world, while the Swiss franc was the most overvalued. |
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http://www.freerepublic.com/focus/f-news/899719/posts
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| | FXBigMac - World economics based on the hamburger standard |
| | It is measured by the price of the same goods in different countries, translated by the FX rate (or exchange rate) of that country's currency against a "base currency". | | | For example, if a BigMac costs €2.75 in the countries that use Euro and costs $2.65 in US, then the PPP exchange rate would be 2.75/2.65 = 1.0377. | | | In this case, the goods is the Big Mac. |
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http://www.oanda.com/products/bigmac/bigmac.shtml
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| | Big Mac - Wikipedia, the free encyclopedia |
| | The Economist has used it as a reference point to determine the cost of living in different countries — the Big Mac index — as it is so widely available and the product largely comparable across markets. | | | Dressed as a constable and sporting a large Big Mac as a head, he was the main source of law and order in McDonaldland, spending most of his time chasing the Hamburglar and Captain Crook. | | | In Germany, larger burgers and buns are used to make a "Bigger Big Mac" In the UK, the "Mega Mac" was once available but has since been discontinued along with the Super-size option as a part of the McDonalds healthier menu. |
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http://en.wikipedia.org/wiki/Big_Mac
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| | BitTorrent FAQ and Guide |
| | Disclaimer: I am a Windows user, and so by default the answers will tend to apply to Windows if not otherwise stated. | | | How can I get a list of the people to whom I'm connected? | | | The downsides of this method include a baroque set of rules and procedures, and requires a certain amount of effort and understanding from the user. |
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http://dessent.net/btfaq
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| | Doug's Dynamic Drivel: Big Mac Index |
| | For those not familiar with the BMI it is a tool that can economists use to look at how over or undervalued currencies are. | | | Comparing the PPP with the actual rate is one test of whether a currency is undervalued or overvalued. | | | The Big Mac PPP is the exchange rate that would leave burgers costing the same as in America. |
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http://www.thealders.net/blogs/archive/001141.html
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| | Network World: A different Big Mac index |
| | But the school wanted to do so with a total budget smaller than the annual power bill for the existing big guys. | | | The Big Mac might do the same for those comparing the costs of high-end computing. | | | Economists use the Big Mac Index (DocFinder:8435) to compare prices in different countries. |
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http://www.findarticles.com/p/articles/mi_qa3649/is_200311/ai_n9315624
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| | The APESMA Big Mac Index: Graduate Engineer Salaries |
| | The international business magazine, the Economist, uses the price of a McDonald’s Big Mac™ as a benchmark for comparing the cost of living in countries around the world. | | | The index shows the number of minutes that a graduate engineer needs to work in selected countries to purchase a Big Mac™. | | | The Big Mac™ is a standardised product internationally, similar to the bottle of Coke™. |
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http://www.apesma.asn.au/newsviews/professional_update/2002/july_aug/big_mac.htm
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| | New Economist: The Big Mac index |
| | The more aggregated the measure of prices, the more likely the comparisons are for heterogenous products. | | | Tests of PPP with aggregate price indexes (like the CPI) are worthless because of variation in the baskets of goods. | | | The theory of purchasing power parity (PPP) has long been a staple of international economic analysis. |
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http://neweconomist.blogs.com/new_economist/2006/01/big_mac_index.html
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| | Stevens Point Journal - 'Big Mac Index' bites into big pay disparity Living-wag |
| | The Ralph Nader campaign made a statement about corporate pay scales and livable wages Tuesday, stopping at several area McDonald& restaurants and talking with employees about their pay compared with that of McDonald& chief executive officer. | | | Use of this site signifies your agreement to the Terms of Service. | | | Utilizing a "Big Mac Index," Senyszyn and fellow campaigner Patrick O'Brian told workers that while they could purchase two or three Big Macs on an hour's salary, company CEO Charlie Bell can purchase 690 of the sandwiches on an hour's pay, about $1,725. |
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http://www.wisinfo.com/journal/spjlocal/283731087695847.shtml
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| | voluntaryXchange: A Real Big Mac Index |
| | Today's Economist includes the latest Big Mac Index, a crude but quite effective indicator of relative purchasing power. | | | The original comes from Asian Labor News which is otherwise moribund. | | | Here is a really useful Big Mac index, because it converts the real value of the Big Mac into the real time it takes a typical employee to earn one working. |
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http://voluntaryxchange.typepad.com/voluntaryxchange/2005/06/a_real_big_mac_.html
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| | Microsoft Monitor: The Big Mac Index |
| | During a conference call today, Martin Taylor, Microsoft’s general manager for platform strategy, suggested that the company would adjust software pricing in some foreign markets. | | | He used McDonalds and different country pricing on Big Macs as a model. | | | He referred to the "Big Mac index" and "mapping it to software." |
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http://www.microsoftmonitor.com/archives/002400.html
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| | Upbeat and Downstairs: Home of Daryl C. DuLong » Big Mac Index |
| | A Big Mac costs €2.92, on average, in the euro zone and $3.06 in the United States. | | | The Big Mac index, which The Economist has compiled since 1986, is based on the notion that a currency’s price should reflect its purchasing power. | | | The rate needed to equalise the burger’s price in the two regions is just $1.05. |
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http://daryld.com/big-mac-index
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| | Big Mac index |
| | The index compares the price of a McDonald's Big Mac hamburger in the United States with the prices (in $US at prevailing exchange rates) in the 70-odd countries in which the burgers are produced locally. | | | A whimsical application of the theory of purchasing-power parity, devised in 1986 by The Economist to show whether exchange rates are at their 'correct' level. |
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http://www.anz.com/edna/dictionary.asp?action=content&content=big_mac_index
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| | Modest Mini Can Put Macs in Hands of the Masses (washingtonpost.com) |
| | The Mac Mini is Apple's first desktop computer to sell for under $500. | | | At $499 and $599 in its two configurations, the Mac Mini represents Apple's first attempt in years to compete on price with entry-level PCs -- a surprising but welcome move for a company that has said it aspires to be the BMW of the computing business. | | | But since the Mac Mini offers only one memory slot, adding more later won't do unless you enjoy the challenge of cracking open the Mini's case (a difficult and anxious task if you're not used to tinkering with computers). |
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http://www.washingtonpost.com/wp-dyn/articles/A46426-2005Jan29.html
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| | Tim Reynolds - Message Board - Big Mac Index |
| | "The Economist's Big Mac index is based on the theory of purchasing-power parity (PPP), the idea that exchange rates should move to equalise the prices of a basket of goods and services across different countries. | | | For example, the cheapest burger in the chart is in China, at $1.26, compared with an average American price of $3. | | | Anyway, I looked it up when I got home and here's what I found: |
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http://www.timreynolds.com/forum/topic.asp?TOPIC_ID=5555
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| | The Big Mac Index |
| | The Big Mac Index measures the length of time it takes a worker at a MacDonalds to earn enough to buy a burger in the MacDonalds in which they work. | | | Rest easy carnivores in the U.S. it only takes you about half an hour to make enough wages to pay for your heart attack special. | | | This is a truly fascinating set of statistics. |
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http://homepage.mac.com/johnwirzbicki/iblog/CTBlue/C84241006/E1793702303
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| | Big Mac index points to undervaluation Personal Finance |
| | A purchasing parity index using the Big Mac hamburger as its base level has shown that the Egyptian currency is 49 per cent undervalued, and the UAE dirham 10 per cent undervalued. | | | The index was compiled by Jordaninvest ceo Dr Henry Azzam for Gulf News. | | | The Swiss Franc, by contrast, is 50 per cent overvalued. |
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http://www.ameinfo.com/23890.html
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| | Arab News Newspaper |
| | The Tadawul All-Share Index (TASI) broke through the 19,000 barrier to close at an all-time high of 19,069.50, up 248.75 points or... | | | JEDDAH, 2 February 2006 — Saudi stocks hit a record high yesterday. |
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http://arabnews.com/?page=6§ion=0&article=46792&d=14&m=6&y=2004&...
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