Travel Tips
Travel Tip: What the Big Mac Index Means for Exchange Rates
A number of foreign currencies have dropped against the U.S. Dollar, including the Russian Ruble, Argentinian Peso, and the South African Rand.
The Economist released its annual Big Mac Index, a great guide based on the legendary fast food burger, to determine where it’s most—and least—expensive to travel.
Let’s take a look at the top five countries where a Big Mac is most expensive.
Switzerland: $6.44
Sweden: $5.23
Norway: $5.21
United States: $4.93
Denmark: $4.32
How about where the Big Mac is least expensive?
Malaysia: $1.82
South Africa: $1.77
Ukraine: $1.54
Russia: $1.53
Venezuela: $0.66
This also relates very well to the cost of other goods and services, ranging from a tube of toothpaste to a cab ride, and is a great and helpful indicator of what you’re actually going to spend in these countries.
For more information about current exchange rates, check out:
- The U.S. Dollar Is Still Strong Worldwide
- How to Get the Best Exchange Rates
- Peter Greenberg’s Hot Destinations 2016: Where the Dollar is Strong
Keep reading for more travel tips.