Big Mac index: the Swiss franc is the most overvalued currency in the world

By: trademagazin Date: 2012. 01. 13. 12:50

he forint is one of the most undervalued, but the Swiss franc is the most overvalued currency in the world – on the basis of Economist’s latest Big Mac index.

The leading London economic weekly, uses this evaluation tool since 1986. The most expensive country is still Switzerland, where the price of a Big Mac now – on the basis of the January 11 exchange rate is equivalent to 6.81 USD, compared to the average price of  4.20 USD, measured in the United States.

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