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MCQ Revision Question - Calculating a Trade Weighted Exchange Rate Index
 
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Here is an example of a calculation question for the new A-levels where a student is given information on changes in two currencies and is then asked to calculate a trade-weighted exchange rate index. - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 6819 tutor2u
Nominal Exchange Rate v/s Real Effective Exchange Rate
 
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This video will help viewers understand the difference between Nominal Exchange Rate and Real Effective Exchange Rate. This video gives some serious insights on how inflation affects the real value of a currency. Please leave us a comment/suggestion on our video and do hit "LIKE" if you like the video. SUBSCRIBE TO OUR CHANNEL FOR FULL ACCESS TO ALL OUR VIDEOS ABOUT US: Ambition Learning Solutions is a preemptive training institute providing trainings to undergraduates, post graduates and working professionals on various international certification programs like Certified Financial Planner (CFP), Certified Credit Research Analyst (CCRA), Basics of Financial Markets, Macro Economic Indicators impacting the Financial Markets, Derivatives Market, Technical Analysis, Credit Research, Commercial Banking, Investment Banking, Financial Modeling, Advance Excel, Equity Research, Diploma in Banking and Finance (DBF), NSE's Certified Capital Market Professional (NCCMP) etc. We assist corporate by providing qualified human resources for their operation and expansion requirement. We train their existing staff to furnish them with the latest updates and techniques in their respective domains. Reach us at: Website: www.ambitionlearning.com Facebook: https://www.facebook.com/groups/ambitionlearning/ Email: [email protected] Linkedin: http://www.linkedin.com/profile/view?id=67196015&trk=wvmp-profile
Nominal and Real Exchange Rates
 
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An explanation of the difference between nominal and real exchange rates and why the real exchange rate is important, from a world perspective
Views: 87758 Damien King
Effective Exchange Rate
 
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OCR F585 June 2016 - Extract 2 Figure 2.2
Views: 2517 G Conomics
Fall of Indian Rupee, Difference in Real Effective Exchange Rate & Nominal Effective Exchange Rate?
 
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Download UPSCIQ Magazine - http://bit.ly/2DH1ZWq || Download All Videos PDFs - https://goo.gl/X8UMwF || Join #StudyIQ on Telegram - https://goo.gl/xBR3g8 #Pendrive_Courses for Various Govt. Exams. Click here to know more - https://goo.gl/aTFK6Q or #Call_9580048004 Live Chat Support - https://goo.gl/s68PZ1 UPSC/CSE 2019 - https://goo.gl/UrCD46 SSC & Bank - https://goo.gl/9LQ4Ai UPSC Optionals - https://goo.gl/rtmXRU State PSCs - https://goo.gl/FDB32q Defence Exams - https://goo.gl/UEmtRz SSC JE Exams - https://goo.gl/2WyU1Z RBI Grade B - https://goo.gl/PY32m6 NABARD Grade A - https://goo.gl/C6CzAL DMRC Exams - https://goo.gl/yDnvyf Insurance Exams - https://goo.gl/iLEFxf CLAT 2019 - https://goo.gl/Burjtj Railway Jobs - https://goo.gl/5KaL7h Teaching Jobs - https://goo.gl/q117TX UPSC Prelim 2019Test Series -https://goo.gl/zkCG51 Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939eV
Views: 23943 Study IQ education
Introduction to nominal, real and trade-weighted exchange rates
 
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In this video you will learn how to define and measure nominal, real and trade-weighted exchange rates. Source: http://www.imf.org/external/pubs/ft/fandd/2007/09/basics.htm Further reading: https://www.imf.org/external/pubs/ft/fandd/2007/09/pdf/basics.pdf
Views: 1171 EnhanceTuition
Nominal Exchange Rate and Nominal Effective Exchange Rate - By 2thepoint
 
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Nominal Exchange Rate and Nominal Effective Exchange Rate - By 2thepoint 2thepoint Youtube Channel Covers UPSC /Civils/IAS /IPS /IFS Preparation Videos, UPSC Material, IAS Material, Banking Material, Indian Economy, International Relations, Indian Polity, Geography, Indian Art and Culture UPSC Videos, Civil Service Preparation Strategy. Also Visit: Website: https://www.2thepoint.in/ Facebook: https://www.facebook.com/2thepoint.in/
Views: 4281 2thepoint
Effective Exchange Rate
 
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F585 Practice Paper - Q1 Answers
Views: 2293 G Conomics
Real Effective Exchange Rate - REER - Explained in Detail for UPSC,IBPS,STATE PSC
 
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This analysis can prove very helpful in the preparation of UPSC | SSC | IBPS | SSB | IBPS and various other competitive exams. Today Discussion Include : 1. What is the 'Real Effective Exchange Rate - REER‘? 2. How Is the REER Measured? 3. Benefits of Analyzing and Using the REER. 4. Graph Representation 5. Interpretation of REER in Economy.
Views: 447 Today at Click
Trade Weighted Index | Macroeconomics
 
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https://goo.gl/FK3ezm for more FREE video tutorials covering Macroeconomics.
Views: 1533 Spoon Feed Me
How to Calculate the Real Exchange Rate
 
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Two examples are presented showing how to calculate the real exchange rate.
Views: 1652 1sportingclays
Trade Weighted Index
 
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See more videos at: http://talkboard.com.au/ In this video, we look at what the Trade Weighted Index is and how it is determined.
Views: 3259 talkboard.com.au
Bilateral Exchange Rates
 
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Views: 1895 G Conomics
Real Effective Exchange Rate
 
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An Easy Overview Of Real Effective Exchange Rate
Views: 3047 Christopher Hunt
Nominal Exchange Rates | Macroeconomics
 
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https://goo.gl/QAx6lJ for more FREE video tutorials covering Macroeconomics.
Views: 2375 Spoon Feed Me
Trade-Weighted Exchange Rate
 
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This video is a presentation for Dr. Dustin Chambers' ECON 601 class at Salisbury University (Fall 2014). It is presented by Samantha Chiriaco, Gary Cox, and Caroline Hayman and discusses the Trade-Weighted Exchange Rate as a coinciding economic indicator for the US Economy.
Views: 1748 Caroline Hayman
What is the Trade Weighted Index (TWI)?
 
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The TWI is often a confusing topic. Let's try to simplify it for you.
Views: 354 Alex Symonds
Korea's effective exchange rate hits 5 1/2 year high in December
 
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Korean exporters lost their price competitiveness by nearly five percent last year because of the appreciation of the country's currency. The Bank of Korea says the won's effective exchange rate index stood at 108-point-6-4 in December, up 4-point-8 percent from a year earlier. The index, indicating the price competitiveness of Korean products in export markets, was the highest level in five-and-a-half years. It measures the won's relative strength against a trade-weighted basket of currencies of Korea's trade partners.
Views: 186 ARIRANG NEWS
Calculating the Nominal Exchange Rate Under Purchasing Power Parity
 
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Two numerical examples are shown on how to use the theory of PPP to calculate the implied long-run nominal exchange rate.
Views: 242 1sportingclays
Real Exchange Rates | Macroeconomics
 
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https://goo.gl/294xfj for more FREE video tutorials covering Macroeconomics.
Views: 2461 Spoon Feed Me
Purchasing Power Parity (PPP)
 
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#Termoftheweek #MBA #SSIM #bschool #college Source: http://bit.ly/1p56CIP
Views: 140547 Siva Sivani
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 984383 CrashCourse
Trade Weighted Index and Current Account
 
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See more videos at: http://talkboard.com.au/ In this video, we look at the relationship between the current account deficit and the trade weighted index and what this means for external stability and international trade.
Views: 329 talkboard.com.au
PPP vs. Official Exchange Rate
 
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Doess PPP give us a better picture of what a country earns?
Views: 1565 Ross McGlothlin
Trade Weighted Index and Net Foreign Debt
 
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See more videos at: http://talkboard.com.au/ In this video, we look at we look at the relationship between the trade weighted index and the net foreign debt of a country.
Views: 86 talkboard.com.au
Purchasing Power Parity - Big Mac Index Assignment
 
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Explanation of the PPP Big Mac Index assignment.
Views: 2061 MarkPhDLLC MarkPhDLLC
The performance drivers of currencies
 
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Currencies are influenced by the same drivers as many other financial assets, including valuations, fundamentals, and investor flows. M&G’s Pierre Chartres examines these factors in assessing the outlook for currencies, along with commonly used currency metrics such as absolute/relative purchasing power parity (PPP) and real effective exchange rates (REERs). Pierre also highlights other key considerations in currency analysis, such as economic growth, political conditions, inflation, monetary policy, and trade and current account balances.
Views: 100 Bond Vigilantes
Korean won's real effective exchange rate spikes 4% in Aug.
 
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하반기 원화 실질가치 상승률 27개국 중 1 위 The Korean won has topped the list of 27 currencies in terms of its real effective exchange rate. According to the Bank for International Settlements, as of late August, the Korean currency had risen 4-point-1 percent since June to 118-point-5... where 100 means parity. The trend could hurt Korea's exports as the nation will lose its edge in price competitiveness. While the government could theoretically do something to cushion the fall, the U.S. Treasury Department has urged Korea and 5 other economies on the so-called "Monitoring List"... to limit foreign exchange intervention to cases of disorder in the market. The U.S. did however encourage further steps to support domestic demand, including more robust use of fiscal policy... and highlighted the need for increased transparency of foreign exchange operations. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1445 ARIRANG NEWS
Trade weighted index - defined
 
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The trade weighted index is an index that shows changes, in the average value of the australian dollar agains't a basket of currencies of Australia' s major trading partners. - created at http://www.b2bwhiteboard.com
Views: 1243 B2Bwhiteboard
Nominal Exchange Rate
 
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See more videos at: http://talkboard.com.au/ In this video, we look at how the equilibrium or fundamental value of a currency is determined and how the exchange rate can be expressed as either a direct or indirect quote.
Views: 5121 talkboard.com.au
Top 15 Most Competitive Countries in Term Of Forex Market Ranking (1994-2018) Source: The World Bank
 
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Nominal Effective Exchange Rate (NEER) Data source: The World Bank The nominal effective exchange rate (NEER) is an unadjusted weighted average rate at which one country's currency exchanges for a basket of multiple foreign currencies. In economics, the NEER is an indicator of a country's international competitiveness in terms of the foreign exchange (forex) market. The NEER may be adjusted to compensate for the inflation rate of the home country relative to the inflation rate of its trading partners. The resulting figure is the real effective exchange rate (REER). Unlike the relationships in a nominal exchange rate, NEER is not determined for each currency separately. Instead, one individual number, typically an index, expresses how a domestic currency’s value compares against multiple foreign currencies at once. If a domestic currency increases against a basket of other currencies inside a floating exchange rate regime, NEER is said to appreciate. If the domestic currency falls against the basket, the NEER depreciates. What Does the NEER Tell You? The NEER only describes relative value; it cannot definitively show whether a currency is strong or gaining strength in real terms. It only describes whether a currency is weak or strong, or weakening or strengthening, compared to foreign currencies. As with all exchange rates, the NEER can help identify which currencies store value more or less effectively. Exchange rates influence where international actors buy or sell goods. NEER is used in economic studies and for policy analysis on international trade. It is also used by forex traders who engage in currency arbitrage. The Federal Reserve calculates three different NEER indices for the United States: the broad index, the major currencies index and the other important trading partners (OITP) index.
Views: 20 Luca Gaglianese
Exchange Rate System | External Sector | Indian Economy | ECONOMY GURU | NEO IAS
 
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INDIAN ECONOMY FOR PRELIMS IN 100 HOURS Video Link : https://youtu.be/NQgMFNCmwkA HOW TO PREPARE INDIAN ECONOMY FOR UPSC CSE PRELIMS 2018? https://youtu.be/A-acqr7u74A BITS ECONOMY Video Link : https://youtu.be/tJkAiJNtvF0 Economy Prelims Telegram Channel - https://goo.gl/DAo5zp To Know more about Economy Guru : https://goo.gl/zwrHiE Exchange Rate System of Indian Economy for CIVIL SERVICES EXAMINATION explained in the simplest way. NEO IAS e-learning classes is an online program which aims to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.
Views: 39106 NEO IAS
Rupee is highly overvalued at 68/Dollar:  A V Rajwade
 
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Forex consultant A V Rajwade says the rupee is overvalued around 10 per cent even at 68 per dollar according to Reserve Bank of India's effective exchange rate index. To be globally competitive, the Indian currency should be at 75 against dollar, he adds. Watch more videos: http://profit.ndtv.com/videos?yt Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube
Views: 619 NDTV
Exchange Rates: Mathematical Formulas
 
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Bilateral exchange rates; currency rates as reciprocals; appreciations and depreciations; real exchange rates; trade balances.
Views: 464 Scott W. Hegerty
Sharp increase of exchange rate of American Dollar and new regulation for travelers
 
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The state television report of a significant gap between the official exchange rate declared by the Central Bank and the free market . The new regulation of purchase of foreign currencies for the travelers abroad , do not allow people to buy foreign currencies with official rate more than once per year . The new regulation which took effect since Tuesday November 1, 2011 permitted unlimited purchase of currencies by travelers .
Views: 1647 Agaahi
Korean won's real effective exchange rate spikes 4% in Aug.
 
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하반기 원화 실질가치 상승률 27개국 중 1 위 The Korean won has topped the list of 27 currencies in terms of its real effective exchange rate. According to the Bank for International Settlements, as of late August, the Korean currency had risen 4-point-1 percent since June to 118-point-5... where 100 means parity. The trend could hurt Korea's exports as the nation will lose its edge in price competitiveness. While the government could theoretically do something to cushion the fall, the U.S. Treasury Department has urged Korea and 5 other economies on the so-called "Monitoring List"... to limit foreign exchange intervention to cases of disorder in the market. The U.S. did however encourage further steps to support domestic demand, including more robust use of fiscal policy... and highlighted the need for increased transparency of foreign exchange operations. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 150 ARIRANG NEWS
Exchange Rate Pass-through
 
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The concept of exchange rate pass-through explained
Views: 9195 collegefinance
Sterling drops on trade weighted basis, do interest rate differentials matter? – Nicole Elliott
 
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Nicole Elliott, Private Investor and Technical Analyst, discusses UK politics and presents view on trade weighted Sterling exchange rate, GBP/JPY cross, GBP/KRW and importance of interest rate differentials in determining the exchange rate. Key quotes Monthly chart of BOE’s Sterling trade weighted index – Has breached trend line support in July. The 12% drop on June 24th brings it in line with EM currencies and commodity dollars. The so called sharp fall merely put us back to where we were in 2009-10 GBP/JPY – Massive bullish engulfing candle on the weekly chart GBP/KRW – Downtrend had begun in 2015 i.e. way below Brexit talk began. The drop contradicts interest differential theory, which remains in favor of Sterling strength. Sometimes interest rates matter, sometimes they don’t Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Guests share their high conviction market opportunities, covering fundamental, technical, inter-market and quantitative analysis, with the aim of demystifying financial markets for viewers at home. See More At: www.tiptv.co.uk Twitter: @OfficialTipTV Facebook: https://www.facebook.com/officialtiptv
Views: 183 Tip TV Finance
Real Exchange Rate
 
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See more videos at: http://talkboard.com.au/ In this video, we look at what the real exchange rate is and how this is determined.
Views: 4223 talkboard.com.au
MCQ Revision Question - Calculating an Exchange Rate
 
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This multiple choice question tests the ability of students to convert one currency into another using data provided. - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 1774 tutor2u
Exchange rates: The external value of money  (April 2013)
 
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In the series „A Cup of Coffee with Rainer Münz" our expert explains economic and financial terms and topics.
Views: 162 Erste Group
How Does China Control Exchange Rates? Devaluation vs Depreciation of Currency, Current Affairs 2018
 
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Download UPSCIQ Magazine - http://bit.ly/2DH1ZWq || Download All Videos PDFs - https://goo.gl/X8UMwF || Join #StudyIQ on Telegram - https://goo.gl/xBR3g8 #Pendrive_Courses for Various Govt. Exams. Click here to know more - https://goo.gl/aTFK6Q or #Call_9580048004 Live Chat Support - https://goo.gl/s68PZ1 UPSC/CSE 2019 - https://goo.gl/UrCD46 SSC & Bank - https://goo.gl/9LQ4Ai UPSC Optionals - https://goo.gl/rtmXRU State PSCs - https://goo.gl/FDB32q Defence Exams - https://goo.gl/UEmtRz SSC JE Exams - https://goo.gl/2WyU1Z RBI Grade B - https://goo.gl/PY32m6 NABARD Grade A - https://goo.gl/C6CzAL DMRC Exams - https://goo.gl/yDnvyf Insurance Exams - https://goo.gl/iLEFxf CLAT 2019 - https://goo.gl/Burjtj Railway Jobs - https://goo.gl/5KaL7h Teaching Jobs - https://goo.gl/q117TX UPSC Prelim 2019Test Series -https://goo.gl/zkCG51 Free PDFs - https://goo.gl/cJufZc || Free Quiz - https://goo.gl/wCxZsy || Free Video Courses - https://goo.gl/jtMKP9" Follow us on Facebook - https://goo.gl/iAhPDJ Telegram - https://t.me/Studyiqeducation The Hindu Editorial Analysis - https://goo.gl/vmvHjG Current Affairs by Dr Gaurav Garg - https://goo.gl/bqfkXe UPSC/IAS Burning Issues analysis- https://goo.gl/2NG7vP World History for UPSC - https://goo.gl/J7DLXv Indian History - https://goo.gl/kVwB79 Follow us on Facebook - https://goo.gl/iAhPDJ Follow Dr Gaurav Garg on Facebook - https://goo.gl/xqLaQm UPSC/IAS past papers questions - https://goo.gl/F5gyWH SSC CGL + IBPS Quantitative tricks - https://goo.gl/C6d9n8 English Vocabulary - https://goo.gl/G9e04H Reasoning tricks for Bank PO + SSC CGL- https://goo.gl/a68WRN Error spotting / Sentence correction https://goo.gl/6RbdjC Static GK complete- https://goo.gl/kB0uAo Complete GK + Current Affairs for all exams- https://goo.gl/MKEoLy World History - UPSC / IAS - https://goo.gl/kwU9jC Learn English for SSC CGL, Bank PO https://goo.gl/MoL2it Science and Technology for UPSC/IAS - https://goo.gl/Jm4h8j Philosophy for UPSC/IAS - https://goo.gl/FH9p3n Yojana Magazine analysis -https://goo.gl/8oK1gy History for SSC CGL + Railways NTPC - https://goo.gl/7939eV
Views: 16232 Study IQ education
Appreciation of Korean won to hurt exporters further
 
00:49
원화 실질가치 상승률 1위…수출에 '설상가상' The value of the Korean won against the U.S. dollar rose sharply in July, recording the highest appreciate rate out of 27 leading currencies. According to data by the Bank for International Settlements, the real effective exchange rate of the Korean currency stood at 116-point-nine-three last month, up two-point-two-six percent from the previous month. Korea topped the list in terms of appreciation rate, followed by Australia, Japan and New Zealand. The steep rise is attributed to a possible U.S. rate hike in the coming months, the nation's upgraded sovereign credit rating and increased foreign investment funds. The strengthening won is expected to hurt Korea's declining exports further, which already posted the longest consecutive monthly decline in July. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 1237 ARIRANG NEWS
The tide has turned
 
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Inflation is low and the exchange rate is rising on a trade-weighted basis. OCR hikes are now a very distant prospect. The more interesting discussion is whether the RBNZ will reduce the OCR this year.
Views: 648 WestpacNZ
Big Mac Index shows Korean won is "less under-valued" from earlier this year
 
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빅맥 지수: 한국 원화값 달러대비 23% 저평가 The latest Big Mac Index is out. Big Mac index, of course, being lighthearted guide to whether currencies are at their "correct levels." The latest number shows that Koreans have more purchasing power, at least in theory. With the Korean currency closing stronger against the greenback as of recent, Korea now ranks 23rd in the Big Mac index. Here's our Lee Jiwon. The Big Mac, the iconic burger sold at McDonald's restaurants, has become more affordable in Korea, at least in theory,... according to the latest Big Mac Index, published by The Economist on Tuesday. The 'Big Mac Index' is an informal way of measuring the purchasing power parity of countries,... by comparing a country's currency to the U.S. dollar and the price of a Big Mac in that country. The lower index a country has, the more its currency is under-valued. And the latest results show that Korea's Big Mac index stood at 3-point-59 earlier this year, compared to the current 3-point-86, meaning the Korean won has become "less under-valued". This is an increase in Korea's rank from 24 to 23,... showing that the gap between "currency in Big Mac" and actual currency have narrowed. This also means, theoretically, that purchasing power has increased in Korea. Based on the index, Korea now has the second most expensive Big Mac in Asia,... after Singapore. However, the Korean won is still under-valued by 23-point-5-percent. The index for the second half of 2016 was based on the exchange rate of 1-thousand-140 won against one U.S. dollar. But according to the Big Mac index, it should be right for one U.S. dollar to cost 873 won. China and Japan have also seen a decrease in their under-valuation of currencies as the Chinese Yuan and Japanese Yen have become stronger against the greenback in the first half of the year. Lee Ji-won, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Views: 753 ARIRANG NEWS