Currency fluctuations: Take the hedge off?
Many Happy Returns
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What's Going on With the Big Mac Index?
A big mac is pretty much the same in every country. A lot of that is actually wages, because you have to pay people to kind of serve eatings up and cook them. The raw materials become less important, overtime, probably. But if you compare the price of a big mack, it tells you roughly which currencies are over valued. So for big mac is very expensive in the usa versus switzerland, then perhaps the dollar is weaker than it should be,. relative to the swissy.
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