SMARTlife: the exchange Rate at the elementary and hamburgers
Have the currency of a developed country in a purse is always beneficial from the point of view of economy and nice internal feeling. Money appreciate different ways and compare their value is sometimes very different criteria.
Hamburger — currency
Experts have made the findings for real exchange rates based on the prices of hamburgers in different countries. The basis for the conclusions was the theory of equality of purchasing power. The idea is that the exchange rate should equalize the cost of consumer baskets in different countries, and instead of a full basket, for example, adopted a hamburger produced by McDonald’s. This is done for convenience of calculations, because the company’s products are known worldwide, and it serves as a convenient point of reference. Another important caveat is that for the hryvnia in the USA, nothing to buy, but in our country to spend dollars just. Any day and any amount of hryvnia to the dollar exchange Dnepr, you can make a guarantee of 100%. Reverse currency exchange is also possible, and, if necessary, will also be delivering money with security and book the current rate and amount.
It goes for the numbers? The dollar shows that Burger standing in America $4,33 in Ukraine costs up to $2. It turns out, in Kiev, Lviv, Poltava, Dnieper and other cities can buy more burgers than in the US, for example, placing $10. That means he is not as much as they should. In Brazil the cost of a hamburger is $5, and it makes a real expensive. And the most overvalued currency, reaching more than 80% of the overstatement, is the Venezuelan Bolivar. This is due to high inflation and the currency peg to the dollar.
Data for other countries:
- Scotland — $4
- Turkey — $2
- Israel — $3.8
- France — $3.2
What about the European currency?!
According to experts, the Euro against the dollar for almost a week virtually unchanged. The growth of industrial production, the United States supported the dollar, but investors are trying to be careful, because the manufacturing activity index in August fell. Against the British pound, the dollar fell by 0.06%. English sales last month increased, and this means that the economy has not weakened as much as expected. The American dollar slightly gained against the yen, Swiss franc, dollar of Canada and Australia, as well as the currency of New Zealand.
Overall, the dollar index against six other major currencies rose by 0.12%. So you need to go and change the hryvnia for dollars. I think it is not profitable? Look through the dynamics of changing the ratio of the hryvnia/dollar over the last 25 years, additional studies would be required.