by Periodically, the Economist magazine judges the value of currencies based on the prices of Big Macs. © Rosalie Anareta | Dreamstime.comThis time around the burger price comparison found only two currencies to be overvalued relative to the US dollar: the Norwegian krone and the Swiss franc. The franc was almost 20% overvalued according to their analysis – click here for chart. Earlier in the week the US Treasury added Switzerland to its “monitoring list” of trading partners whose currency practices merit close attention. More on this:Economist article (in English) For more stories like this on Switzerland follow us on Facebook and Twitter.
Topics:
Investec considers the following as important: Business & Economy, Editor's Choice, High Swiss prices, Personal finance, Why is Switzerland so expensive
This could be interesting, too:
Investec writes Swiss National Bank to issue new money
Investec writes End of lifelong widows’ pensions moves closer to reality
Investec writes Swiss government deficit shrinks further
Investec writes Swiss government wants to invest more in bomb shelters
Periodically, the Economist magazine judges the value of currencies based on the prices of Big Macs.
This time around the burger price comparison found only two currencies to be overvalued relative to the US dollar: the Norwegian krone and the Swiss franc.
The franc was almost 20% overvalued according to their analysis – click here for chart.
Earlier in the week the US Treasury added Switzerland to its “monitoring list” of trading partners whose currency practices merit close attention.
More on this:
Economist article (in English)
For more stories like this on Switzerland follow us on Facebook and Twitter.