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 analysis found that workers in Japan can buy 2.18 Big Mac hamburgers for their one-hour work at a restaurant or retail shop, compared to 3.95 in Australia and 2.56 in Hong Kong. The number in ...

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 ...

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 ...

The Economist’s Big Mac Index ... Created in 1986, the index was designed as an accessible way to understand purchasing power parity between currencies. While not intended for precise policy ...