Think valuing currencies across the Globe is difficult? Consider the Big Mac Index:
Other links:
http://www.economist.com/markets/bigmac/
http://www.oanda.com/currency/big-mac-index
http://en.wikipedia.org/wiki/Big_Mac_Index
While currencies over time will lean toward purchasing power parity, keep in mind any move may take more time than anticipated. Using the index alone may lead someone to blindly enter a trade and be completely early, and therefore wrong. In summary, continue to do your homework, hopefully with a Big Mac near by.
Cheers.
Salvador Lara, Head of Education and Research
*There is a subtantial risk of loss trading futures. Past performance is not necessarily indicative of future results."
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