will upvote! The price of Big Mac in UK is GBP...
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The price of Big Mac in UK is GBP 3.19 , and its price in US is USD 5.51. Market exchange rate is GBP 0.75/USD. Is GBP overvalued or undervalued relative to USD? Estimate the degree of over/undervaluation in percentage. GBP is undervalued by 29.55% GBP is overvalued by 29.55%; GBP is undervalued by 43.42% GBP is overvalued by 43.42% None of above
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