While the price of the burger in the United States is $5.65, the Russian currency exchange rate is 29.91 ruble per dollar in terms of the Big Mac Index. ![]() In 2019, the Russian ruble was the most undervalued (by 64.5%) currency worldwide. Thus, the Lebanese pound is the world’s most undervalued (cheapest) currency according to the Big Mac Index. The Lebanese pound exchange rate expressed in the Big Mac Index in July 2021 is 6548.67 pounds per dollar.Ĭonsidering that the current market rate of the Lebanese currency is about 22000 pounds, rather than 6548.67 per US dollar, the pound is undervalued by approximately 70.20%. ![]() ![]() The most relevant Big Mac Index so far (as of July 2021) is presented in the table below.
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