mcguffin - 12:34 am on Aug 23, 2002 (gmt 0)

chris_d:

ie I know that $US20 isn't the same as 20 pounds sterling as $20 Australian - but, in their respective countries, they all have the same purchasing power. How much does a big Mac cost in Sydney/ london/ New York - about '3' ?? A beer?? '2' or '3' depending on the neighbourhood

The Economist regularly uses the Big Mac as a basket of goods to analyze relative purchasing power of currencies.

For more information, see The Economist's Big Mac Index [economist.com]. :)

mcguffin

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