Did you know that the cost of a Big Mac differs depending on where you’re purchasing the burger?
McDonald’s is known best for its low prices, but the prices are lower in some places versus others.
According to UBS in its 2018 “Cost of living in cities around the world report,” a Big Mac in Moscow, Russia, will run only US$2.29. Other places that have cheap Big Macs include Johannesburg, South Africa (US$2.53); Hong Kong (US$2.87); and Bankok, Thailand (US$3.85).
Coming in at the most expensive place to buy a Big Mac is Zurich, Switzerland, where it will run US$6.89. A Big Mac in Paris will run US$5.37 while one in New York City will run $5.09.
The cost of a Big Mac can provide insight into purchasing-power parity, or “the notion that in the long run exchange rates should move toward the rate that would equalize the prices of an identical basket of goods and services (in this case, a burger) in any two countries,” according to the Economist.
The publication keeps a “Big Mac index” to keep track of the price and utilize it as a look into countries’ currencies.