Rate of exchange Dong seen with all the heart Big Mac sandwich.

The Philippines from the face map Big Mac Index-screenshots According to data that the Economist produced, the price of a Big Mac in Vietnam today is 60,000 VND, the equivalent of approximately 2. 84 USD according to the rate of exchange meant to convert the 21,090 USD\/USD. Meanwhile, the price of a Big Mac staubflocke US is $ 4. 62. With this case, if the retrieved the USD is the base currency for the comparison, the currency of the Philippines is suffering from lower real value valuation 38. 5% versus the USD. To Big Mac has a price adequate to the price throughout the lurch us, then the rate of exchange between the currency and USD is at 12,975 USD\/$. It is also the rate to which the Big Mac Index is "consistent". The Economist magazine's Big Mac Index was first published in 1986 as a way to determine whether the coin has to be priced "correctly" or not based regarding the same method of purchasing power (PPP). However, the Economist also stressed that this calculation was not considered to reflect correctly what has, of course, that aims to help the theory of rate of exchange becomes more understandable. According to the example that the Economist anesthetize, the price of a Big Mac in american in January, 2014 is 4. 62 USD, while in China just 2. 74 DOLLARS based of computer exchange rate between the Yuan and US DOLLARS in addition. From there, the Big Mac Index shows that the Yuan's valuation is lower than the real value of 41%. Although the purpose of the Economist Big Mac Index when creating very gently, this index has become a global standard, which is used in many textbooks and is the subject of at the very least 20 academic studies. Furthermore to the dollar and other currencies also has four, is the Euro, Japanese yen, pound and Yuan were familiar with make the base for the Big Mac Index. If using the Yuan tent fly base currency, the price of a Big Mac in Vietnam today is 60,000 VND\/the equivalent to 17. 22 Yuan with rates of 3,485 Dong\/Yuanwith 16. 6 Yuan China. Big Mac Index shows that Vietnam's Dong being priced higher than the actual value 3. 7% against the Yuan in China, and the "standard" rate to be 3,614 Dong\/Yuan. Even if the products or services the Euro fly currency basis for the Big Mac Index, the price of the sandwiches in Vietnam the equivalent of 2. 1 Euros, versus 3. 6 Euros in Eurozone. Indicator shows, money also is being priced lower than the real value of 42. 7% at Euro\/28,608, and rates of new Euro\/16,403 is "reasonable".