Besides, the same ingredients are used for Big Mac in any country: meat, bread, cheese, lettuce, onions, etc. Big Mac is the most well-known product in McDonalds’ fast-food chain. Why exactly was the Big Mac taken as an indicator? Thus, The Economist introduced a simple indicator of the fundamental value of currencies globally. It all started in 1986 when The Economist magazine decided to estimate the currencies’ value by countries based on the prices of Big Mac at McDonald’s fast-food restaurants. The Big Mac Index is the price of the burger in various countries that are converted to one currency (such as the US dollar) and used to measure purchasing power parity. However, few people know that it gave rise to the so-called Big Mac Index, which is used to compare the value of currencies of different countries. ![]() ![]() This hamburger is probably the most famous in the product line of the American fast food industry.
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