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2009-07-27

Malaysia Big Mac Is The Cheapest In US Dollar

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible".

The index takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.

In Malaysia we all enjoy Big Mac is the cheapest in USD. This index also show that Malaysia Ringgit is undervalue again US Dollar and will help Malaysia export market.

http://jambanwangi.files.wordpress.com/2008/09/bigmac.jpg

1 comments:

Elvis2020 July 27, 2009 at 1:37 PM  

Actually i would rather buy Ramly burgers than Big Mac. Ramly burger is rather fresh coz the patty is juicy. If you eat Big Mac, i find the patty rather dry and tasteless. But this is personal taste everyone...

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