Date: 5 months ago   Category: Economy

The ruble was recognized as the most underestimated world currency

The Russian currency was the most underestimated among world, agrees to the new "index of Big Mac". In Russia "Big Mac" can be bought for 110 rubles or 1.65 dollars, in the USA it costs 5.58 dollars. Thus, the ruble is underestimated in relation to dollar for 70%. "The index of Big Mac" regularly makes the The Economist magazine. It is based on purchasing power parity, that is assumption that the same goods have to have identical cost at transfer to different currencies. The new index showed that practically all world currencies are underestimated in comparison with dollar. The exception was made by the Swedish and Norwegian kroner and Swiss franc. Photo: VSE42.Ru to Share: index of Big Mac ruble