The big Mac Index Purchasing Power Parity: April 2001 ocal Currency Big Mac Prices Actual %o Over( Table 9.3 Price in Implied Exchange or Under( Local PPP of the Rate Valuation Currency Dollar 7/04/01 Against Dollar United States $2.54 Argentina Peso 2.50 0.98 1.00 Brazil Rea|3.60 1.42 2.19 35 China RMB 9.90 3.90 8.28 -53 Euro 2.57 0.99 0.88 11 France FFr 18.5 7.28 7.44 2 Hong Kong HK $10.70 4.21 7.80 46 Japan ￥294 116 124 6 Russia roule 35.00 13.8 28.9 52 Switzerland SwFr 6.30 2.48 1.73 44 C 2002 by The McGrao-Hill Companies, Inc. All rights reserved.The Big Mac Index Purchasing Power Parity: April 2001 United States $2.54 - - - - - - - - - Argentina Peso 2.50 0.98 1.00 -2 Brazil Real 3.60 1.42 2.19 -35 China RMB 9.90 3.90 8.28 - 53 Euro 2.57 0.99 0.88 - 11 France FFr 18.5 7.28 7.44 - 2 Hong Kong HK $10.70 4.21 7.80 - 46 Japan ¥ 294 116 124 - 6 Russia Roule 35.00 13.8 28.9 - 52 Switzerland SwFr 6.30 2.48 1.73 44 Price in Local Currency Implied PPP of the Dollar Actual Exchange Rate 17/04/01 Local Currency % Over(+) or Under(-) Valuation Against Dollar © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Big Mac Prices Table 9.3