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The price of a BigMac in Brazil is 25 reais and in the US is $5.50. The exchange rate between Brazil and the US is

The price of a BigMac in Brazil is 25 reais and in the US is $5.50. The exchange rate between Brazil and the US is 5.35 = 1 USD.

According to PPP, what percentage overvaluation (positive) or undervaluation (negative) is the Brazilian real?

Round your percentage answer to 2 decimal points; no need to enter "%" sign. For example, if your answer is -0.30517, then your answer should be "-30.52".

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