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	Big Mac index - Wikipedia, the free encyclopedia
		The Big Mac PPP exchange rate between two countries is obtained by dividing the cost of a Big Mac in one country (in its currency) by the cost of a Big Mac in another country (in its currency).
		For example, suppose a Big Mac costs $2.50 in the United States and £2.00 in the United Kingdom; thus, the PPP rate is 2.50/2.00 = 1.25.
		The idea is the same, except that the Big Mac is replaced by a cup of Starbucks coffee, acknowledging the global spread of that chain in recent years.
	en.wikipedia.org /wiki/Big_Mac_index (616 words)

	Big Mac - Wikipedia, the free encyclopedia
		The Big Mac is known worldwide, and is often used as a symbol of American capitalism.
		Dressed as a constable and sporting a large Big Mac as a head, he was the main source of law and order in McDonaldland, spending most of his time chasing the Hamburglar and Captain Crook.
		In India, the Big Mac is called the Maharaja Mac and is made with lamb instead of beef.
	en.wikipedia.org /wiki/Big_Mac (511 words)

	Encyclopedia: Big Mac index
		McDonalds Big Mac, purchased in Australia The Big Mac is a type of hamburger sold since 1968 by the McDonalds chain of fast food restaurants.
		Not surprisingly it was Nicks' Rhiannon -- from 1975's Fleetwood Mac disc -- that provoked the first big crowd reaction of the night as the diminutive singer performed her trademark twirls on stage dressed in a layered, flowing fl dress.
		The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in America as abroad.
	www.nationmaster.com /encyclopedia/Big-Mac-index (1160 words)

	Economist.com
		The cheapest Big Mac is in Argentina (78 cents), after its massive devaluation; the most expensive ($3.81) is in Switzerland.
		In 1999, for instance, the Big Mac index suggested that the euro was already overvalued at its launch, when nearly every economist predicted it would rise.
		In the early 1990s the Big Mac index repeatedly signalled that the dollar was undervalued, yet it continued to slide for several years until it flipped around.
	www.stanford.edu /class/msande247s/bigmac02.htm (632 words)

	Big Mac Index for 2002 (Site not responding. Last check: 2007-10-08)
		Big Mac PPP is the exchange rate that would leave hamburgers costing the same
		Big Mac varies widely, from EURO2.15 in Greece to EURO2.95 in France.
		In 1999, for instance, the Big Mac index suggested that the euro was already
	pages.zdnet.com /rodahkt/newsformcdonaldslicensees/id59.html (591 words)

	The Big Mac Index (Site not responding. Last check: 2007-10-08)
		The Economist's Big Mac index was first launched in 1986 as a gastronome's guide to whether currencies were at their correct exchange rate.
		The Big Mac PPP is the exchange rate that would leave hamburgers costing the same in each country.
		The euro's Big Mac PPP against the dollar is euro1=3D$0.99, which shows that it has now undershot McParity by 11%.
	clues.dhs.org /clues/bigmac.html (670 words)

	Gulfnews: Vantage View: Valuing Arab currencies using the Big Mac index
		The Big Mac index was devised by The Economist in 1986 as a light-hearted indicator of whether currencies are at their "correct" valuation level.
		According to the Big Mac index, the Egyptian pound is significantly undervalued against the dollar by 40 per cent, with a PPP of 3.45 pounds to the dollar compared to the current exchange rate of 6.20 pounds to the dollar.
		The Big Mac index shows that the Saudi riyal, at an exchange rate of 3.75 to the dollar and the UAE dirham at 3.67 to the dollar are undervalued by 10 per cent and 15 per cent respectively.
	archive.gulfnews.com /articles/04/06/15/123844.html (1143 words)

	What Does Big Mac Index 2003 Say?
		Our “bundle” is a McDonald’s Big Mac, which is produced to more or less the same recipe in about 120 countries.
		Everybody, that is, except the Big Mac index, which suggested that the euro started off significantly overvalued.
		Nevertheless, some academic studies of the Big Mac index have concluded that betting on the most undervalued of the main currencies each year is a profitable strategy.
	k4a4.com /big-mac-index.htm (623 words)

	Big Mac Index, Mondial economy indice, Bigmac Index, Bigmac, Burgernomics
		The Big Mac PPP is the exchange rate that would leave a burger in any country costing the same as in America.
		That a Big Mac is cheap in China does not in fact prove that the yuan is being held massively below its fair value, as many American politicians claim.
		One big implication of lower prices is that converting a poor country's GDP into dollars at market exchange rates will significantly understate the true size of its economy and its living standards.
	bigmac.biz /2004/index.php (1092 words)

	Big Mac Index (Site not responding. Last check: 2007-10-08)
		According to UBS, it takes nine minutes of labor in Tokyo to buy a Big Mac, where as enslaved masses in LA must spend 11 minutes of labor to buy their Big Mac, and like wise, the suffering masses in New York must struggle for 12 minutes to earn enough to buy a Big Mac.
		At the bottom of the 50 cities that UBS surveyed from April through June was Nairobi where a Big Mac costs the equivalent of 175 minutes of labor.
		Lest you were wondering, a Big Mac costs 260 yen, for an average wage of 1,733 yen an hour, according to UBS calculations for Tokyo.
	www.mail-archive.com /fukuzawa@ucsd.edu/msg15724.html (153 words)

	Big Mac index forecast euro poised to fall
		Every year the Economist's notoriously well-heeled staff are asked to collect the prices of McDonald's best-selling Big Mac burgers from round the world.
		A British Big Mac costs £1.90, or $3.07, which makes the pound overvalued by 26pc.
		Big Macs in Switzerland cost Sfr5.90, or $3.97.
	www.money.telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/04/02/cnmac02.html (263 words)

	Big Mac is cheapest in China (most expensive in Switzerland, annual Big Mac Index says) (Site not responding. Last check: 2007-10-08)
		The cheapest Big Mac in the world can be bought in China, while the Swiss have to pay nearly four times as much for the same burger.
		The Index said these statistics showed that the Chinese yuan was the most undervalued currency in the world, while the Swiss franc was the most overvalued.
		The Swiss big mac is expensive because the Swiss labor is expensive.
	www.freerepublic.com /focus/f-news/899719/posts (1066 words)

	Big Mac index finds rand undervalue
		The Economist's Big Mac index suggests the rand is 38% undervalued against the US dollar.
		A Big Mac costs $2.56 in the US and R8 in SA - this suggests that in the real world, $1 should get you R3.13; instead using the current exchange rate of R5.04, an SA burger only costs $1.56 - 38% below the value suggested using the PPP method.
		Clearly the Big Mac index is not a very reliable indicator - especially in emerging economies where so many other non-economic factors play a role.
	www.btimes.co.za /98/0503/news/news5.htm (332 words)

	New Economist: The Big Mac index
		On the basis of this index, neither the euro nor the pound are undervalued - though the Japanese yen, South African rand, Singapore and Aussie dollars certainly are.
		They show that the Big Mac index does nearly as well as more comprehensive measures of international price comparisons and that deviations from "McParity" illustrate why PPP often appears not to hold as a practical matter.
		The Big Mac index was proven to have predictive value by the St. Louis Fed not too long ago.
	neweconomist.blogs.com /new_economist/2006/01/big_mac_index.html (890 words)

	#344 - What a Famous Hamburger's Now Saying About the Dollar
		As of May 29, a Big Mac was 13% more expensive in Europe than in the States.
		However, in Japan, a Big Mac was 20% cheaper.
		The Economist magazine (www.economist.com) is excellent, and it reports on its Big Mac Index twice a year (January and May, for some strange reason).
	www.investmentu.com /IUEL/2004/20040611.html (1083 words)

	Zoo Station
		The Economist's Big Mac Index is an easy (even if overly simplistic) way to find out which currencies are under-valued and which are over-valued, depending on the cost of a McDonalds burger in the country.
		Kedar, the Big Mac is used by the Economist because it is available locally in over 120 countries, which actually makes a comparison of some sort possible, using the PPP methodology.
		More important, the $5.05 charged for a Swiss Big Mac helps to pay for the retail space in which it is served, and for the labour that serves it.
	wetware.blogspot.com /2005/06/new-big-mac-index-and-india.html (795 words)

	Brad DeLong's Semi-Daily Journal: Yet Another Big Mac index
		I remember that in the early to mid 90s, Big Mac is regarded by many in Asia, particularly in China, as a luxury item.
		In addition to the issues of local buyers' opinions (Big Mac as status item -- loony, but then, I've heard that the Japanese have somehow become convinced that the traditional meal for Christmas is KFC), I'd also expect there's a relationship to how wide the gap is between rich and poor.
		Big Macs would probably be, at least in part, a product made available for the benefit of ex-pats and visitors -- rich tourists, folks who work for multinationals, etc. Since the local working class isn't interested in buying, the price is set solely by the demand of the rich.
	delong.typepad.com /sdj/2005/06/yet_another_big.html (1594 words)

	Big Mac index: the euro, indeed, is overvalued
		Big Mac index: the euro, indeed, is overvalued
		The Economist's annual 'Big Mac index, which has been an oft-cited gauge of the various currencies' strength since 1986, is based on the controversial theory of purchasing power parity (PPP).
		According to the latest index, one Big Mac costs 3.06 US dollars in the US, while the weighted eurozone average for the same hamburger is 3.58 US dollars, which means that the common European currency is overvalued against the US dollar by 17%.
	www.euractiv.com /Article?tcmuri=tcm:29-140880-16&type=News (212 words)

	MacInTouch: timely news and tips about the Apple Macintosh
		The Intel Macs are somewhat more secure because they use newer chips that support the NX (no-execute) bit for data on the stack.
		Mac OS X inherits a lot of security features from BSD, and Apple adds their own to the parts they touch.
		Extend the life of your Mac and enjoy the latest and the greatest OS and application releases without the expense of purchasing a new computer.
	www.macintouch.com (5142 words)

	Upbeat and Downstairs: Home of Daryl C. DuLong » Big Mac Index (Site not responding. Last check: 2007-10-08)
		The Economist’s Big Mac index (see table below) suggests they have a case: the euro is overvalued by 17% against the dollar.
		A Big Mac costs €2.92, on average, in the euro zone and $3.06 in the United States.
		The Big Mac index, which The Economist has compiled since 1986, is based on the notion that a currency’s price should reflect its purchasing power.
	daryld.com /big-mac-index (260 words)

	OrdinaryGweilo.com: The Big Mac Index (Site not responding. Last check: 2007-10-08)
		This attempts to use the price of a Big Mac to determine whether currencies are valued correctly.
		This summer we went on holiday to the country with the most expensive Big Mac in the world ($5.11), which is quite a shock when you live somewhere that has one of the cheapest ($1.55) and close to the very cheapest (China - $1.23).
		As it happens, UBS did some research on how long it would take an average worker to earn enough to buy a Big Mac and calculated that it would take a Thai worker 50 minutes, but an American only 12 minutes.
	www.ordinarygweilo.com /2004/01/the_big_mac_ind.html (365 words)

	Modest Mini Can Put Macs in Hands of the Masses (washingtonpost.com)
		At $499 and $599 in its two configurations, the Mac Mini represents Apple's first attempt in years to compete on price with entry-level PCs -- a surprising but welcome move for a company that has said it aspires to be the BMW of the computing business.
		Think of the Mac Mini as a laptop with the screen, keyboard and battery sliced off, or a desktop with all the air sucked out of its case.
		But since the Mac Mini offers only one memory slot, adding more later won't do unless you enjoy the challenge of cracking open the Mini's case (a difficult and anxious task if you're not used to tinkering with computers).
	www.washingtonpost.com /wp-dyn/articles/A46426-2005Jan29.html (661 words)

	Doug's Dynamic Drivel: Big Mac Index (Site not responding. Last check: 2007-10-08)
		Based on the idea that a Big Mac, which is sold in 120 countries, contains contains the same 10 ingredients in the same proportions regardless of wher it's purchased, the Big Mac index compares the cost of a Big Mac in each country with that of the US.
		Devised 16 years ago as a light-hearted guide to whether currencies are at their “correct” level, the index is based on the theory of purchasing-power parity (PPP).
		The Big Mac PPP is the exchange rate that would leave hamburgers costing the same in America as elsewhere.
	www.thealders.net /blogs/archive/000220.html (218 words)

	Stevens Point Journal - 'Big Mac Index' bites into big pay disparity Living-wag (Site not responding. Last check: 2007-10-08)
		Utilizing a "Big Mac Index," Senyszyn and fellow campaigner Patrick O'Brian told workers that while they could purchase two or three Big Macs on an hour's salary, company CEO Charlie Bell can purchase 690 of the sandwiches on an hour's pay, about $1,725.
		The Nader campaign wants to mitigate this inequity by upping all workers' pay to a living wage and raising the federal minimum wage to $10 an hour within two years, Senyszyn said.
		Although neither major party presidential candidate has focused on minimum or living wage, both are looking at the problem of poverty in their own way, Bablitch said.
	www.wisinfo.com /journal/spjlocal/283731087695847.shtml (694 words)

	Tim Reynolds - Message Board - Big Mac Index
		"The Economist's Big Mac index is based on the theory of purchasing-power parity (PPP), the idea that exchange rates should move to equalise the prices of a basket of goods and services across different countries.
		For example, the cheapest burger in the chart is in China, at $1.26, compared with an average American price of $3.
		This implies that the yuan is 58% undervalued relative to its Big Mac dollar-PPP.
	www.timreynolds.com /forum/topic.asp?TOPIC_ID=5555 (170 words)

	Doug's Dynamic Drivel: Big Mac Index (Site not responding. Last check: 2007-10-08)
		The latest Big Mac Index was posted yesterday.
		Our basket is a McDonald's Big Mac, produced locally to roughly the same recipe in 118 countries.
		The Big Mac PPP is the exchange rate that would leave burgers costing the same as in America.
	www.thealders.net /blogs/archive/001141.html (182 words)

	Big Mac Index
		Thus in the long run, the exchange rate between two countries should move toward the rate that equalizes the prices of an identical basket of goods and services in each country.
		The "basket" is a McDonald's Big Mac, which is produced in about 120 countries.
		The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in the United States as abroad.
	www.angelfire.com /id/SergioDaSilva/bigmacppp.html (180 words)

	business.iafrica.com \| business news SA's Big Mac Index ranking improves
		According to the index, this implies a purchasing-power-parity exchange rate of R4.89/dollar.
		The index, which is compiled by The Economist, shows that Argentina, then China, Russia, Malaysia and Brazil performed worse than South Africa.
		The index also found Iceland the most overvalued currency, followed by Britain and the Euro area, the daily reported.
	business.iafrica.com /news/202561.htm (176 words)

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