“The Big Mac Index is based on the price of the traditional hamburger and one of the most sold of the McDonald’s chain in each country where it is offered”, RPP Noticias explained, adding that it is made in more than 100 countries.
According to The Economist, cited by RPP Noticias, many countries in the world have a devaluated currency against the US dollar, therefore, goods, like the Big Mac, for instance, are cheaper there.
The Big Mac 2019 Index indicates that the Peruvian sol is devalued by 44.3% below its value against the dollar. “In Peru, the Big Mac costs S / 10.50 ($3.20 US dollars), while in the United States it costs $5.74 (S / 18.88 at a current exchange rate of S / 3.29.9)”, RPP Noticias wrote.
Cover Photo Frédéric BISSON/Flickr.
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