The Philippine peso is still undervalued by 50% against the dollar, according to the latest update of the Big Mac Index released by The Economist. As of January 2025, a Big Mac costs $5.79 in the ...

The reference for such statement is McDonald’s famous Big Mac and its Purchasing Power Parity, PPP ... to which The Economist applies the Big Mac index as a reliable comparable index.

The national currency is the most devalued local currency in Latin America, according to the Big Mac Index published ... This is based on the Purchasing Power Parity PPP theory, which is the ...

You’ve probably heard of the “Big Mac Index” for judging whether exchange rates are at “purchasing-power parity” or not. It was invented in 1986 by the always-cheeky Economist newspaper ...

Big Mac Index is based on the purchasing power parity theory, which in the long run the different exchange rates, should lead to equal values of the different prices for an identical basket of ...

The iconic burger, which serves as the foundation of the Big Mac Index – a global measure of purchasing power parity – tells us more about South Africa's economic landscape than most policy ...