Hungary's Forint Apparently Undervalued
- 4 Feb 2013 8:00 AM
A Big Mac costs Ft 830 or $3.82 in Hungary compared to $4.37 in the US, suggesting that the forint is 12.6% undervalued against the dollar, the British business weekly Economist found in its latest survey. A Big Mac costs $3.72 in the Czech Republic and $2.94 in Poland.
The most expensive country in which to buy a Big Mac according to this index is Venezuela, at the equivalent of $9.08, while the cheapest is India at $1.67.
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN business