Friday, June 11, 2010
PPP
The Economist calculates the real value of each country's currency, and finds that the Israeli shekel is 9% overvalued (respective US$) while the Hungarian Forint is 13% undervalued. So I can buy 22% more stuff in Hungary than in Israel. But I could buy more in Poland (Zloty -37 %) or Russia (Rouble -40 %).
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2 comments:
Yeah, but would you want to live in Hungary, Poland or Russia?
There are people very happy in those countries. PPP means nothing to them.
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