The Economists Big Mac Index is an alternative perspective on purchasing power parity. By comparing the price of a common product across various economies they achieve a fairly reliable currency valuation. The latest data is interesting given the recent events across the global economy. According to the Economist the Euro is 29% overvalued, the Yuan is 40% undervalued and the Brazilian Real is 42% overvalued.
Read more about the Big Mac Index here.
Source: The Economist