"oh no. based on this results.
burgers should cost 18% more in Singapore!"-cj
burgers should cost 18% more in Singapore!"-cj
Before you frantically try to dump your euros just because this results says that its overvalued. They have kindly added a disclaimer. "The Big Mac numbers should be taken with a generous pinch of salt. They are not a precise predictor of currency movements. The bulk of a burger’s cost depends on local inputs such as rent and wages, which tend to be lower in poor countries. Consequently PPP comparisons are more reliable between countries with similar levels of income."
i would stay away from hamburgers if i were to go to Norway. 7.20 usd for a Big Mac. seriously?!?
i would stay away from hamburgers if i were to go to Norway. 7.20 usd for a Big Mac. seriously?!?
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