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10/2018 Use the globalEDGE website (globaledge.msu.edu) to complete the following exercise: Sometimes, analysts use the...

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Accounting

10/2018

Use the globalEDGE website (globaledge.msu.edu) to complete the following exercise:

Sometimes, analysts use the price of specific products in different locations to compare currency valuation and purchasing power. For example, The Economist's Big Mac Index compares the purchasing power parity of many countries based on the price of a Big Mac. Using Google, locate the lastest edition of this index that is accessible. Identify the five countries and their currencies with the lowest purchasing power parity according to this classifcation. Which currencies, if any, are over valued?

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