The Big Mac index: Our interactive currency comparison tool
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Re: The Big Mac index: Our interactive currency comparison tool
#2I used this index two days ago: my siblings and I want to buy a present as a group, but we are split across multiple countries and it wasn't clear how to make a fair split. We ended up agreeing that everyone would contribute their local equivalent of ~7.3 Big Macs.
The only minor correction needed was that the index lists the official dollar exchange price for some currencies while the real price is not even close to that, but that's not the index fault.
Re: The Big Mac index: Our interactive currency comparison tool
#3Amusing that Russia has the world's cheapest Big Mac.
Sorry Lenin, old chap.
Re: The Big Mac index: Our interactive currency comparison tool
#4I used this index two days ago: my siblings and I want to buy a present as a group, but we are split across multiple countries and it wasn't clear how to make a fair split. We ended up agreeing that everyone would contribute their local equivalent of ~7.3 Big Macs. The only minor correction needed was that the index lists the official dollar exchange price for some currencies while the real price is not even close to…
I did this once as well. I felt a bit guilty because my friend paid the amount of Apple's largest Mac, and I never told him the mistake.
Re: The Big Mac index: Our interactive currency comparison tool
#5The problem with the big mac index is that it assumes people still like mcdonalds.
Re: The Big Mac index: Our interactive currency comparison tool
#6I used this index two days ago: my siblings and I want to buy a present as a group, but we are split across multiple countries and it wasn't clear how to make a fair split. We ended up agreeing that everyone would contribute their local equivalent of ~7.3 Big Macs. The only minor correction needed was that the index lists the official dollar exchange price for some currencies while the real price is not even close to…
I did this once as well. I felt a bit guilty because my friend paid the amount of Apple's largest Mac, and I never told him the mistake.
If they were rich enough not to query the error then everybody won.
Re: The Big Mac index: Our interactive currency comparison tool
#7I for one am shocked a Big Mac costs $5.81 in the United States. It's been too long I guess but I remember the meals going for $5-6 when I was a kid. And that's national average too, not an expensive metro area.
Surely there were advances in production and logistics that would have lowered the "real" cost of McDonalds delivering a Big Mac, so all else being equal we would expect the price to drop over time. But monetary inflation makes up for it and then some.
Re: The Big Mac index: Our interactive currency comparison tool
#8I for one am shocked a Big Mac costs $5.81 in the United States. It's been too long I guess but I remember the meals going for $5-6 when I was a kid. And that's national average too, not an expensive metro area. Surely there were advances in production and logistics that would have lowered the "real" cost of McDonalds delivering a Big Mac, so all else being equal we would expect the price to drop over time. But monet…
I think the index is skewed by the fact that the offers work differently in different countries.
In France the sandwich isn't much cheaper than the meal. The last time I was in Russia (lowest price on the chart) as I recall there's not as much of a saving for buying the meal.
Re: The Big Mac index: Our interactive currency comparison tool
#9Amusing that Russia has the world's cheapest Big Mac. Sorry Lenin, old chap.
It tastes the same as in US
Re: The Big Mac index: Our interactive currency comparison tool
#10The problem with the big mac index is that it assumes people still like mcdonalds.
Their stock and earnings would suggest they’re more popular than ever. Every time I drive past the one near me there’s a line of cars wrapped around it.