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We've used The Economist's Big Mac index to calculate how many Big Macs can be purchased in an hour on the minimum wage in various countries*.
OUR Big Mac index is back.
THE Big Mac index celebrates its 25th birthday this year.
Track global exchange rates over time with the Big Mac index, our interactive currency-comparison tool.
The Economist's Big Mac index is a crude measure of PPP.
Our rough measure of currency values, the Big Mac index, reflects this logic.
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The Big Mac index may itself be undervalued.
Historical data for the Big Mac index is available here.
So the Big Mac index says that the yuan was undervalued by 42% at that time.
The Big Mac index doesn't suggest that the pound was overvalued.
According to The Economist's Big Mac index, China has the most undervalued currency in the world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com