At least according to the “Big Mac Index” (full article here).
The Big Mac Index, created by “The Economist” 25 years ago, has a new version, which takes into account not only the price of the sandwich but also GDP per capita of each country. Result: Brazil’s real is the world’s most expensive currency and is 149% above the dollar.
Burgernomics puts Latin America on the spot. The Big Mac Index ranks Colombian peso 2nd, 108% above the U.S. dollar and suggests Argentina is not publicizing real rates of inflation. According to The Economist: “Argentina has been cooking the books: over the past decade, Big Mac prices there have, on average, risen by well over ten percentage points more each year than the official consumer-price index—a far bigger gap than in any other country.”

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