The Foreign Exchange Market – Big Mac Index

Paper shall be written in an Executive Summary Format.

Use the globalEDGE site (globaledge.msu.edu) to complete the following:

Sometimes, analysts use the price of specific products in different locations to compare currency valuation and purchasing power. For

example, the Big Mac Index compares the purchasing power parity of many countries based on the price of a Big Mac. Locate the latest edition

of this index that is accessible. Identify the five countries (and their currencies) with the lowest purchasing power parity according to

this classification. Which currencies, if any are overvalued.