Big Mac Index  

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible".

The index, created in 1986, takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.

In 2018, McDonald's, to celebrate the 50th anniversary of Big Mac, issued a currency named MacCoin. Each MacCoin was redeemable for one free Big Mac and could not be turned into cash. MacCoin was redeemable in more than 50 countries but only until the end of 2018.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Big Mac Index" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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