However, the value of this pair is currently quoted around 0.97 in Forex, which makes the Swiss currency overvalued by the market by 30.33%.Īccording to the Big Mac Index authors, Euro is also undervalued by the market. Notably, the currencies of Pakistan, the Philippines, and other low-income countries are not in the top five most undervalued currencies in 2022.Īs for the most highly valued currencies, the statistics by countries show that the world’s most overvalued (expensive) currency is the francs in Switzerland.Ĭonsidering that Big Mac costs 6.71 francs in Switzerland, the USD/CHF rate expressed in the Big Mac Index terms should be 1.26 francs per dollar. In the list of the world’s most undervalued currencies, the Venezuelan bolivar and the Romanian leu are accompanied by the Indonesian rupiah (undervalued by 54.62%), South African rand (undervalued by 54.52%), and the Indian rupee (undervalued by 53.61%). Therefore, we can conclude that the market undervalues the Romanian currency by almost 56%. However, the lei is cheaper in Forex – about 4.82 lei per US dollar (as of July 2022). While the price of the burger in the United States is $5.15, the Romanian currency exchange rate is 2.14 lei per dollar in terms of the Big Mac Index. Thus, the Venezuelan bolivar is the world’s most undervalued (cheapest) currency according to the Big Mac Index.īig Mac costs $2.28 in Romania. The Venezuelan bolivar exchange rate expressed in the Big Mac Index in July 2022 is 1.94 bolivars per dollar.Ĭonsidering that the current market rate of the Venezuelan currency is about 5.67 bolivar, rather than 1.94 per US dollar, the bolivar is undervalued by approximately 66%. The most relevant Big Mac Index so far (as of July 2022) is presented in the table below.

Mt4 for mac big sur