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International Finance Tell me the answer asap! I'm in a hurry, I'll finish it in half an hour! please. thanks The below data are from

International Finance

Tell me the answer asap! I'm in a hurry, I'll finish it in half an hour! please. thanks

  1. The below data are from the Big Mac Index from The Economist. Please evaluate the Purchasing Power Parity (PPP) in terms of the foreign currency per USD1. Then predict whether the foreign currency is overvalued or undervalued relative to the USD.

Country

Big Mac Price

Exchange Rate

PPP

Percentage Under/Overvalued

United States

USD4.56

-

Indonesia

IDR27,939

IDR 9965 /USD1

Malaysia

MYR7.30

3.18 MYR/USD1

Singapore

SGD4.7

SGD1.27 /USD1

Thailand

THB89

THB 21.28 /USD1

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