On the raw data version, shown above, the New Zealand dollar is 23.2 per cent under-valved.
If we adjust the index to account for GDP per person we see that the New Zealand dollar is 9.9 per cent under-valved.
Friday, 27 July 2018
The latest Big Mac Index
From The Economist magazine comes their latest iteration of the Big Mac Index:
On the raw data version, shown above, the New Zealand dollar is 23.2 per cent under-valved.
If we adjust the index to account for GDP per person we see that the New Zealand dollar is 9.9 per cent under-valved.
On the raw data version, shown above, the New Zealand dollar is 23.2 per cent under-valved.
If we adjust the index to account for GDP per person we see that the New Zealand dollar is 9.9 per cent under-valved.
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