Burgernomics: Big Mac index shows Russian ruble still deeply undervalued

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

The Russian national currency is one of the most underrated against the greenback, according to the January 2019 Big Mac Index which provides an assessment of the purchasing power of currencies against each other. The index is a lighthearted guide showing how world currencies perform against the US dollar. It is based on price comparisons of McDonald’s Big Macs across the world, annually carried out by The Economist.

Read the original article in FULL here

This post originally appeared on SOTT.net

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment