Big MacCurrencies
The dollar no longer looks cheap compared with the other big currencies
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AS THE yen plunges and sterling soars, economists are being forced to revise their currency forecasts. To help them get their teeth into the subject, The Economist has updated its Big Mac index, which seeks to make exchange-rate theory a bit more digestible.
This article appeared in the Finance & economics section of the print edition under the headline "Big MacCurrencies"
From the April 11th 1998 edition
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