The Big Mac Index App intends to show whether currencies are at their "correct" value. It was invented by The Economist in 1986.
For example, the average price of a Big Mac (Burger) in USA in January 2014 was $4.62: in China it was only $2.74 (¥16.60) at market exchange rates.
So The Big Mac Index says that the Yuan was UNDERVALUED by $41% at that time.
How To Use It
1. Input the Local Price of the Big Mac Burger.
2. Press the "CALCULATE" button.
3. You will get if the currency of the selected country is Undervalued or Overvalued and which should be the exchange rate (USD Based) for that Burger price.
4. Share the results in Facebook &...
The Big Mac Index App intends to show whether currencies are at their "correct" value. It was invented by The Economist in 1986.
For example, the average price of a Big Mac (Burger) in USA in January 2014 was $4.62: in China it was only $2.74 (¥16.60) at market exchange rates.
So The Big Mac Index says that the Yuan was UNDERVALUED by $41% at that time.
How To Use It
1. Input the Local Price of the Big Mac Burger.
2. Press the "CALCULATE" button.
3. You will get if the currency of the selected country is Undervalued or Overvalued and which should be the exchange rate (USD Based) for that Burger price.
4. Share the results in Facebook & Twitter.
CREDITS
DEVELOPED BY
PABLO PACIELLO - @PPACIE
DESIGNED BY
RAFAELA SINOPOLI - @RAFS84
HTPressableButton BY
HE RIN KIM - @HERINKC
FlatUIKit BY
@GROUPER
HTPressableButton & FlatUIKit ARE LICENSED UNDER THE TERMS OF THE MIT LICENSE
The MIT License (MIT)
Copyright (c) 2014 He Rin Kim and Thanakron Tandavas
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
