You’ve heard about the Big Mac Index from The Economist magazine, which tracks currency valuations through the price of Big Macs around the world (as an aside … why am I getting hungry all of a sudden?) – now prepare yourself for an alternative measure, the iPad Mini Index.
The new Geo-Graphics iPad Mini Index
a global product that travels by plane in a coat pocket, unlike a burger, and its manufacturer, Apple, is highly attuned to shifting currency values
What does it show?
- The Swiss franc is a bit overvalued
- The Malaysian ringgit undervalued, but the scale of the misvaluation is much less than the Big Mac index suggests
- The RMB may be closer to its “correct” level than Big Macs, and numerous pundits, suggest