The Big Mac index Adjust the index to account Choose a base currency Show index at for GDP per person Under/over Country 2000 - 2023 valued, % US dollar Dec 2023 Raw index GDP-adjusted Sri Lanka Rupee 0.0 The British pound is 0.36% overvalued against the US dollar Canada C$ 2.4 December 2023 Mexico Peso -8.7 40% Colombia Peso -10.6 20 Australia A$ -10.8 Overvalued British pound 0 Do..... Saudi Arabia Riyal -11.0 Undervalued US dollar -20 New Zealand NZ$ -12.0 . . . . . . . . .. .. . . .... . . . . . .' -40 Poland Zloty -12.7 Singapore S$ -12.9 .. . . . . .... -60 Venezuela Bolivar -13.3 UAE Dirham -13.9 A Big Mac costs f4.49 in Britain and US$5.69 in the United States. The implied Brazil Real -15.5 exchange rate is 0.79. The difference between this and the actual exchange rate, Lebanon Pound -15.6 0.79, suggests the British pound is 0.36% overvalued Czech Rep. Koruna -19.0 2000-2023 Kuwait Dinar -20.1 150% Israel Shekel -20.6 100 Bahrain Dinar -20.7 50