Big Mac index: the forint is still considered cheap, but there is a twist in the story
The forint remains undervalued, according to recent statistics published by The Economist, when measured by the Big Mac index. However, the trend is clear: the domestic currency is appreciating against the dollar at a record pace, and the Big Mac graph shows a number not seen in 12 years. This indicates that the forint’s exchange rate has reached an unprecedented level.
The forint remains undervalued compared to the Big Mac index, according to recent statistics published by The Economist. However, the trend is clear: the domestic currency is appreciating rapidly against the dollar, and the Big Mac index shows a number not seen in 12 years. This indicates that the forint’s exchange rate has reached a record high.
