Burgernomics: Switzerland has the most overvalued currency, according to The Economist's...

|By:, SA News Editor
Burgernomics: Switzerland has the most overvalued currency, according to The Economist's simplified purchasing-power parity list based on the prices of McDonald's (MCD) Big Mac. If an average Big Mac in the U.S. costs $4.20, the $6.81 price for the same burger in Switzerland means the Swiss franc is 62% overvalued. By the same logic, India's rupee looks 60% undervalued.