Blogging from Malaybalay City, Philippines

Big Mac Index June 1, 2004

According to The Economist’s latest Big Mac Index, the Philippine Peso is the world’s most undervalued currency. The market exchange rate for a US$ is about P55 today, but the Big Mac PPP is about P23.

I better make that real estate investment now!

Tags
Conversation
Related Tags
Comments
Trackback

 
close Reblog this comment
blog comments powered by Disqus
Mamutong is powered by Wordpress 2.7
All content is licensed under a Creative Commons License.