Spending money in Hungary: Great dinners or shopping..
Spending money in Hungary: Great dinners or shopping..
Do you all know the Hamburger Index?
I think everybody is familiar with a Big Mac 😉
So this Index was first published 1986 by THE ECONOMIST. The idea was to measure the purchasing power parity between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries (http://articles.latimes.com/2012/jan/18/business/la-fi-mo-big-mac-index-20120118).
The Eurozone is mixed, as prices differ widely in the EU area.
In 2012 the price of a Big Mac in US was 4,2$.
So, when you are spending money in Hungary you can easily see what your money is worth in 2012:
| COUNTRY | US Dollar |
| Switzerland | 6,81 |
| Norway | 6,79 |
| Denmark | 5,73 |
| United States | 4,20 |
| Germany | 3,96 |
| Britain | 3,82 |
| Turkey | 3,54 |
| Czech Republic | 3,45 |
| Lithuania | 2,87 |
| Austria | 2,74 |
| Hungary | 2,63 |
| Poland | 2,58 |
| China | 2,44 |
| India | 1,62 |
*sorry for not listing all European countries, but numbers were not available for all of them.
Chair of Publication
Doris Haider
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