How does the Big Mac Index work and can it possibly be accurate?
How does the Big Mac Index work and can it possibly be accurate?
user
The Big Mac Index is a historical measure of the relative purchasing power of currencies. It’s intended to serve as a rough measure of purchasing power parity (PPP). The Big Mac Index is measured against the price of a McDonald’s Big Mac in the US.
assistant
Would I be able to use it to assist me in trading currencies?
user