The following chart, based on data from The Economist's January 2013 calculations, shows the under (−) and over (+) valuation of the local currency against the U.S. dollar in %, according to the Big Mac index. To take an example calculation, the local price of a Big Mac in Hong Kong when converted to U.S. dollars at the market exchange rate was $ 2.19, or 50% of the local price for a Big Mac in the U.S. of $ 4.37. Hence the Hong Kong dollar was deemed to be 50% undervalued relative to the U.S. dollar on a PPP basis.
Reference 1: Price level (% relative to the US)[11].
Reference 2: India, South Africa, Hong Kong, Ukraine, Egypt, Russia, Taiwan, Mainland China, Malaysia, Sri Lanka, Indonesia, Mexico, Philippines, Poland, Bangladesh, Saudi Arabia, Thailand, Pakistan, Lithuania, Latvia, UAE, South Korea, Japan, Singapore, Estonia, Czech Republic, Argentina, Hungary, Peru, Israel, Portugal, United Kingdom, New Zealand, Chile, United States, Costa Rica, Greece, Austria, Netherlands, Ireland, Spain, Turkey, Colombia, Australia, Euro area, France, Germany, Finland, Belgium, Denmark, Italy, Canada, Uruguay, Brazil, Switzerland, Sweden, Norway and Venezuela.
Source: http://en.wikipedia.org/wiki/Purchasing_power_parity
Reference 2: India, South Africa, Hong Kong, Ukraine, Egypt, Russia, Taiwan, Mainland China, Malaysia, Sri Lanka, Indonesia, Mexico, Philippines, Poland, Bangladesh, Saudi Arabia, Thailand, Pakistan, Lithuania, Latvia, UAE, South Korea, Japan, Singapore, Estonia, Czech Republic, Argentina, Hungary, Peru, Israel, Portugal, United Kingdom, New Zealand, Chile, United States, Costa Rica, Greece, Austria, Netherlands, Ireland, Spain, Turkey, Colombia, Australia, Euro area, France, Germany, Finland, Belgium, Denmark, Italy, Canada, Uruguay, Brazil, Switzerland, Sweden, Norway and Venezuela.
Source: http://en.wikipedia.org/wiki/Purchasing_power_parity
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