Yawning at the Big Mac index? Say hello to the iPod index
For some years the Economist has been monitoring the prices of Big Macs around the world and drawing conclusion about overvalued cuurrencies and the like. Now the Sydney Morning Herald offers up the iPod index, care of Commonwealth Securities. It will insist on using Australian dollars, but given they hail from the Lucky Country I suppose that is reasonable enough.
On the basis that theoretically iPods should cost the same the world over, it reckons the Oz dollar is 15% overvalued against the greenabck. On the same basis, Sterling is 31% over-valued. Just as long as there isn't a major correction before I fit in my annualjunket business trip to NYC. Meanwhile, so much for the single market and the euro - an iPod in Germany will cost $192 to the $206 in Belgium.
On the basis that theoretically iPods should cost the same the world over, it reckons the Oz dollar is 15% overvalued against the greenabck. On the same basis, Sterling is 31% over-valued. Just as long as there isn't a major correction before I fit in my annual
Labels: Australia, EU fun and games
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on Saturday, January 20, 2007 at 12:20 am.
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I thought it was a Mars bar index.I love New York , I `ve only been twice but as soon as I have dispensed with wife child and mortgage I will once more "Be a part of it.."
Quite the place, isn't it? It is, however, a very frightening place to be with a hangover - all that noise, all those lights etc.
NY is great, the best restaurant I have been to there is Smith and Wollensky's.
Although Knish's bought from Street vendors push everyone close in terms of culinary perfection.
newmania, you and I must be getting doddery. It DID use to be Mars bars. Back when. Mars, if I remember rightly, used to hold their price steady (insofar as they could) as chocolate and sugar prices rose and fell, by altering the size of the bar. Do they still?
Speak for yourself Dearieme. I am thrusting young and vital , through my veins the zeitgiest courses and I am enraptured by the latest in everything.
Yummy an evening of celebrity realted entertainment . I just can`t wait
I doubt there was a Mars Bar Index, as their equivalent are called Milky Way in the US, the original (American) Mars Bar in the US is now called the Snickers Almond and has a different composition.
It wouldn't be called the Milky Way Index either, as the UK Milky Way is the same as the US 3 Muskateers bar.
I did buy a Crunchie in San Francisco once, it was bloody expensive.
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