The Big Mac Indicator - Global price level comparison

According to Elliott Wave Technician: Global comparison of the price level in different regions / countries of the world using the Big Mac burger from McDonald's. This indicator gives you an idea of the general price level in a country, and shows if a currency is "over valued" or "under valued" based on the Big Mac burger.



Source: The Economist

Notice that the burger costs more in Europe than the US, Switzerland is very expensive, the price in Buenos Aires,Argentine is a little more than USD 2.5 and in Montevideo,Uruguay about USD 4.

Best Regards,
EWT Team

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