The Argentine peso is the most overvalued currency in Latin America and displaced Uruguay’s from the top of the Big Mac index.
Argentina does not stop the appreciation of the peso and deepens its rise in price in dollars. This is reflected in the Big Mac index, created by The Economist as a global currency appreciation parameter. There, our country appears at the top of the ranking of Latin America and second internationally, according to an update of the indicator carried out by Reuters.
Until the end of 2024, Uruguay was the regional leader of the Big Mac index. Currently, as measured by Reutersthe Argentine cost of the “Big Mac” hamburger is $7.37according to the official exchange rate measured in $1,031.50.
At the regional level, despite losing the lead, Uruguay It is below Argentina and fourth globally, with a value of $6.78, indicates the survey that measures the famous burger chain combo McDonald’s.
Exchange appreciation
The Argentine currency strengthened especially during the second half of 2024while the official exchange rate controlled by the BCRA increasedbut much more slowly than inflation triple digits, which raised the relative cost of goods. It should be noted that access to the official exchange rate remains restricted; many companies and savers access the currency through parallel markets.
Precisely, the rise in dollar prices in Argentina is one of the factors that mobilized hundreds of thousands of Argentine tourists this summer to the beaches of neighboring countries such as Brazil and Chile.
Globally, Swiss continues to lead the Big Mac index with the economical measurement combo US$7.92. While, at the regional level, they follow Uruguay, Mexico (US$5.56) and Colombia (US$4.94). In Brazil, With the historic depreciation of the real, the hamburger costs $4.49.
Source: Ambito
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