The Argentine peso appears in position 40, also behind Brazil, which according to the Big Mac ranking its currency devalued by 17.5% and by 11.3% there was the loss of purchasing power of the Argentine currency.Īccording to the index drawn up by the weekly The Economist the dollar should be worth $ 114.56 in Argentina to match the price of the famous hamburger in the United States. South Korea, China and Peru complete the top 10 ranking with writedowns of 32%, 30.9% and 30.7% respectively. Mexican pesos, 33.4%, and Colombian pesos, 32.4%. The list goes on and the Argentine peso has not yet appeared: the Japanese yuan is down by 45.10% and the Guatemalan quetzal by 34.7%.

In third place was the Hong Kong dollar with a devaluation of 48.10%. In first place is the Venezuelan bolívar with a loss of 65.8% of purchasing power, followed by the South African rad, with a decrease of 54.5%.

According to the Big Mac index compiled by The Economist, the Argentine peso is “devalued” and the wholesale dollar would have to be worth $ 114.56 for a burger to cost the same as in the US.Īccording to the report, the Argentine currency is not among the countries with the greatest devaluation. The blue dollar and financiers above $ 300 fuel the fantasy that the Argentine peso is the most devalued currency, yet it is not.

Big mac index example with pesos