CommSec’s latest iPad index, released today, compares the price of an iPad in 46 countries to track the impact of currency changes on consumer spending, globalization and retailer margins.
According to a Business Insider article, Australia has become the 4th cheapest country in which to buy a 16GB iPad with a retina display, according to CommSec economists Craig James and Savanth Sebastian. The result could imply that the AUD was now fairly valued.
Based on late-September 2013 exchange rates and pricing, CommSec deemed Argentina and Brazil the most expensive countries in which to buy an iPad (see below).
Bottom Line: The Real is still very much overvalued.