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What is the Big Mac Index?
“Big Mac Index”, a guide showing how far from fair value different world currencies are. The Big Mac theory (a.k.a. purchasing-power parity, or PPP) says that exchange rates should even out the prices of Big Macs sold across the world.
Read more: http://tungblog.atikomtrirat.com/2011/07/big-mac-big-mac-index.html
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