Current Currency Rankings (2024–2025)

As of early 2025, the Big Mac Index provides a fresh snapshot of global currency valuation through the lens of burger prices. Some currencies appear significantly overvalued, while others offer surprising affordability. Below is a detailed analysis based on the latest data.

🧾 Top Five Overvalued Currencies

These currencies exceed their implied PPP exchange rates, reflecting strong economies, high costs of living, or market premiums.

• 🇨🇭 Switzerland
  The Swiss Franc continues to top the list, with Big Mac prices over $8.00. This reflects high wages, expensive real estate, and a strong currency driven by global investor confidence.

• 🇳🇴 Norway
  Norway's Krone remains strong due to stable economic policies and high domestic operating costs. A Big Mac in Oslo is significantly pricier than in the U.S.

• 🇺🇾 Uruguay
  Uruguay’s unexpectedly high Big Mac price reflects both a solid local economy and higher operational costs. Its position raises eyebrows as one of the few emerging markets in the overvalued tier.

• 🇸🇪 Sweden
  A combination of high labor costs and robust consumer demand keeps the Swedish Krona above its PPP baseline.

• 🇨🇦 Canada
  Strong exports and natural resource-driven growth bolster the Canadian Dollar, keeping it slightly overvalued versus the U.S. dollar.

🟢 Implication: Overvalued currencies often signal economic strength, but also higher local price levels that may deter budget-conscious travelers.

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💵 Top Five Undervalued Currencies

These currencies offer exceptional value for foreign buyers, with Big Mac prices far below U.S. equivalents.

• 🇹🇼 Taiwan
  A Big Mac in Taipei costs just over $2.00, suggesting the New Taiwan Dollar is ~60% undervalued—a consistent outlier in the index.

• 🇮🇩 Indonesia
  With one of the lowest Big Mac prices globally, the Rupiah shows steep undervaluation, reflecting income disparities and weak consumer purchasing power.

• 🇪🇬 Egypt
  A volatile exchange rate and high inflation distort Egypt’s market pricing, placing its official valuation far from reality.

• 🇲🇾 Malaysia
  Efficient operations and low consumer prices continue to keep the Ringgit significantly below its PPP level.

• 🇿🇦 South Africa
  The South African Rand remains heavily discounted due to ongoing economic challenges and currency depreciation.

🔻 Implication: These undervalued currencies can signal economic stress—but they also present opportunities for investors and cost-savvy tourists.

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📌 Special Cases: Argentina, Uruguay, and the Gulf States

Some currency valuations require deeper context:

• 🇦🇷 Argentina
  The official exchange rate inflates the peso’s value, masking severe depreciation visible in parallel market rates. Inflation and capital controls create a distorted PPP picture.

• 🇺🇾 Uruguay
  Uruguay’s high cost of living and economic stability push it into the overvalued group. However, its small market size and import dependencies may exaggerate its index ranking.

• 🇸🇦 🇦🇪 Gulf States
  Countries like Saudi Arabia and the UAE operate under fixed exchange rate regimes. Although pegged to the dollar, their government subsidies and low local taxes make Big Macs cheap in USD terms, resulting in mild undervaluation.

⚠️ Note: Currency valuation is not purely mechanical. Local economic policy, informal markets, and fiscal regimes all contribute to what a Big Mac really tells us.

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The 2024–2025 Big Mac Index rankings remind us that behind every burger is a macroeconomic story—some driven by strength, others by struggle, and all by the complex interplay between currency, cost, and consumption.