The Economist publishes a yearly Big Mac Index of currency overvaluation and undervaluation. To illustrate the concept, use the Big Mac Index webpage to explore the data for 2015 (note: link will open in a new window).

http://bigmacindex.org/

The table below reproduces some of the data from this index.Complete the table with the Implied PPP rate and the valuations.As with most currency rates, carry your results to 4 decimal places (the 'big' and 'small' figures) and always round to two decimal places for percentages.