More on the Big Mac Index

More on the Big Mac Index. One of my favourites

The Economist magazine published its most recent Big Mac evaluation, finding that the yen is 27% undervalued against the dollar, the euro is 50% overvalued and the pound is 28% overvalued. China is 49% undervalued. The survey compares the price of a single item, a McDonald’s Big Mac hamburger, around the world. Except for the yen, everything is overvalued against the dollar and more overvalued than a year ago. The IMF found last week that the dollar was properly valued although the euro was overpriced.