Index bigmaka: U.S. should cost 3,74 UAH

magazine The Economist has two decades compares dollar cost bigmaka in different countries, concluding undervalued or revalued the currency. Index bigmaka based on the theory of purchasing power parity, in which the exchange rate should equal the cost of a basket of goods in different countries, only instead of a basket of a single sandwich, produced everywhere.

its value in each country depends on the output, the price of rent, raw materials, labor and other factors, and the index bigmaka - the best way to see the disparity value of currencies from countries with similar income levels explains the magazine, especially in a crisis, when expensive currency particularly disadvantageous. A weak currency gives an advantage on costs and prices of products.

Cheapest bigmak sold in Hong Kong ($ 1.72), China, Sri Lanka and Ukraine ($ 1.83). This is about twice cheaper than in the U.S. ($ 3.57).

most expensive bigmak - Norway: $ 6.15, to 1.7 times higher than in the United States, and 3.4 times higher than in China and Ukraine. In Switzerland bigmak to 1.6 times more expensive than the U.S., in Denmark - in 1,5 times. The euro for the year reduced the price gap at 40%, now bigmak it costs $ 4.62.

British pound index bigmaka year was overvalued by 28%, but now his value to the dollar nearly reached parity: from August to February, the pound was devalued by almost 30%. Japanese yen, on the contrary, strengthened, and its price advantage of 27% almost disappeared.

Ukraine bigmak for the year went up by 5.70 UAH (at 68.7%) to 14grn. In 2008, bigmak cost 8,30 UAH. Now the gap with the U.S. price bigmaka dropped to 49% (in February 2009 - 52%). If the exchange rate determined by the index bigmaka, now the U.S. would cost 3,74 UAH.

In Russia, the index bigmaka praised the Russian Ruble at 18.8 rubles to the dollar (in July 2008 - 16.5 EUR).. At the rate bigmaka the average Russian monthly wage in June was more than $ 1000, not $ 590, as in reality.

remind, in February this year when The Economist did recosting index bigmaka, the Ukrainian hryvnia ranks third among the world's most undervalued currency. Hryvnya then was lower than its real value by 52% against the U.S. dollar and the index bigmaka, the dollar was at 3.95 hryvnia.

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