Just to provide some specific numbers to emphasize tptacek’s point, according to The Economist Big Mac Index, June 2021: “A Big Mac costs DKr30.00 in Denmark a

Just to provide some specific numbers to emphasize tptacek’s point, according to The Economist Big Mac Index, June 2021: “A Big Mac costs DKr30.00 in Denmark and US$5.65 in the United States. The implied exchange rate is 5.31. The difference between this and the actual exchange rate, 6.32, suggests the Danish krone is 16% undervalued.” At the listed exchange rate, DKr30.00 = US$4.75. https://www.economist.com/big-mac-index https://www.economist.com/big-mac-index