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Per https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index, in December 2020, “A Big Mac costs DKr30.00 in Denmark and US$5.66 in the U
by oxfeed65261 5y ago
Per https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index, in December 2020, “A Big Mac costs DKr30.00 in Denmark and US$5.66 in the United States.” Using the listed exchange rate of DKr 6.12/US$, that’s $4.90 in Denmark, so in fact somewhat less. Which implies that the DKr is undervalued vs. the US$, at least for this particular one-item basket of goods.
- deleted 5y ago[deleted]
- AmericanBlarney 5y agoOn one hand, sure but if your take home pay after taxes is also less, than it's affordability (cost/income after taxes) may be lower.