The Economist’s 2006 “Big Mac” Index
Sure, the cost of living in Asia is generally lower than in most western countries. So tourists expect the dollar, euro or pound to have a high buying power when they travel in the region. It’s still true, generally, but on my last visit to the Philippines last month, I was surprised to see that it’s no longer as cheap as I remember it to be. Yes, clothes and some other commodities were still way cheaper, but eating out, for example, seemed to be almost as expensive, especially when you dine out in the posher districts.
Want to know how much your dollar can buy? Have a look at the Economist’s 2006 “Big Mac” Index and see how much a Big Mac costs in other countries. It’s still generally cheaper in Asia (cheapest in China at $1.34 apiece), and can give you a rough idea of the forex rate.
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POSTED IN: General : Asia Travel
2 opinions for The Economist’s 2006 “Big Mac” Index
Zebra
Jan 14, 2007 at 5:35 pm
I have heard about the Big Mac Index and it is one of the most reliable. I also noticed when going to Vietnam that compared to my last visit two years ago, prices increased a lot, even if it remains very affordable.
Ruth
Jan 17, 2007 at 4:32 pm
Ah Vietnam! Yes, economy has been picking up in Vietnam particularly in the last decade and it shows.
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