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 ...

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 ...

Michael "Jim" Delligatti came up with the idea for a double-decker burger and first introduced it in one of his McDonald's locations in Pennsylvania in 1967. The sandwich soon became a success, and in ...

Big Mac prices in Turkey have hit record highs again. Inflation and currency changes have made it one of the most expensive worldwide.

President Donald Trump‘s latest trade policy memo could find unexpected support from an unlikely source—McDonald’s (NYSE:MCD) hamburger prices. A Big Mac costs $5.79 in the U.S. but only $3. ...

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 ...

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 ...

A Big Mac costs $5.79 in the U.S. but only $3.52 when converted from yuan in China, according to the latest data. The 40% price gap suggests China’s currency could be undervalued, lending credence to ...