Previous post Next post

Swiss franc more overvalued than 6 months ago according to Economist burger index

The Economist magazine’s 6-monthly Big Mac index shows the Swiss franc to be even more overvalued than it was in January 2017.

The index, which compares the US$ price of a Big Mac around the world places Switzerland at the top with a price of US$ 6.74. This is 27.2% more expensive than the United States where the same burger costs US$ 5.30.

In January 2017, the same burger in Switzerland cost US$ 6.35 and US$ 5.06 in the US making the Swiss one 25.5% more pricey.

The cheapest burgers are still found in Egypt where they are now 69% cheaper than in the US.

Cross-border burger shopping still offers savings. The average euro zone price of US$ 4.47 is 33.7% cheaper than Switzerland.

 

Full story here Are you the author?
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
Previous post See more for 1.) CHF Next post
Tags:

Permanent link to this article: https://snbchf.com/2017/07/investec-swiss-franc-overvalued-6-economist-burger-index/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.