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Big Mac now cheaper in London than Sao Paulo 27/10/2009

Posted by chrisdshaw in FX, Society.
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Interesting Bloomberg article revealing the effect of the “Brazilian real’s 34 percent, world-beating rally this year“, against the USD. This uses the light-hearted Economist take on Purchasing Power Parity- using the price of a Big Mac in every country to determine the true value of currencies- The Big Mac Index.

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