The Big Mac Indicator - Global price level comparison

According to Elliott Wave Technician, Global comparison of the price level in different regions / countries of the world using the Big Mac burger from McDonald's. This indicator gives you an idea of the general price level in a country, and shows if a currency is "over valued" or "under valued" based on the Big Mac burger.

Source: The Economist

Notice that the burger costs more in Europe than the US, Switzerland is very expensive, the price in Buenos Aires, Argentine is a little more than USD 2.5 and in Montevideo, Uruguay about USD 4.

See Elliott Wave Technician's web site at elliottwavetechnician.com for more regarding price levels and economic development in Latin America.

EWT Team

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