2003 Big Mac Index
The Economist has come out with an updated Big Mac Index. According to the index, the AUD is still around 30% undervalued. Despite the increase in the Aussie in recent months, Maccas hasn’t jacked the price up on the burger very much, so the the undervaluation hasn’t been “alleviated” too much.
Oh, the good old burgernomics is out again~!
[…] Hear Ye! » 2003 Big Mac Index 11 Apr 2010. The Economist has come out with an updated Big Mac Index. According to the index , the AUD is still around 30% undervalued. Hear Ye! » 2003 Big Mac Index […]