[ad_1]
Sputnik
expressive image
Experts from the British magazine “Economist” concluded that the Russian ruble is one of the most undervalued currencies in the world, following new data from the Big Mac index.
Read more
This indicator makes it possible to determine the purchasing power parity of different countries according to the cost of a single “burger”.
The British Journal has been making these calculations since 1986, assuming that the cost of a sandwich made up of different ingredients – bread, cheese, meat and vegetables – could serve as an overall alternative to a different basket of goods from country to country. other.
In addition, given the presence of the McDonald’s fast food chain in most countries of the world, the “Big Mac Index”, according to the magazine, allows for a more equitable ratio between the coins and the US dollar. At the same time, when analyzing this indicator, it is assumed that the same goods have the same price in all countries.
Therefore, the magazine estimates that the ruble against the US dollar for July 2021 is undervalued by 59.9%, since a Big Mac in Russia costs 169 rubles, and not 5.65 dollars, as in the United States. . To even out the cost, the dollar exchange rate, according to economists, should be 29.91 rubles, while it is now 74.5 rubles.
Experts find that with the methodology used, world currencies are undervalued, with the exception of the Venezuelan bolivar, the Swiss franc, as well as the Norwegian and Swedish kronor, while the value of the euro, the pound sterling, Japanese yen and Chinese yuan against the dollar is undervalued by 11.1% and 15.9%, 37.2% and 38.8%, respectively.
As for the exchange rates of the Ukrainian hryvnia and the Azerbaijani manat, confirms the magazine, they are undervalued by 57.7% and 58.9%.
Source: TASS
[ad_2]
Source link
