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 McDonald's Big Mac is an icon in the fast food world, but how well do you know its history? Check out these facts that ...

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 ...

One can measure the real exchange rate between two countries in terms of a single representative good—say, the Big Mac, the McDonald's sandwich of which a virtually identical version is sold in many ...