iPod Replaces the Big Mac to Measure Currency Strength


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<!-- via Trend Hunter --><H3><a href="http://www.trendhunter.com/trends/ipod-replaces-the-big-mac-to-measure-currency-strength"><img src="http://www.trendhunter.com/images/phpthumbnails/3847_1_120.jpeg" align="right" hspace="5" vspace="2" border=0 />iPod Replaces the Big Mac to Measure Currency Strength</H3></a>(<a href="http://www.trendhunter.com">TREND HUNTER</a>) An Australian bank will use the iPod as the standard t ocompare different currencies, trying to replace the famous Big Mac index established in 1986 by The Economist.

Commonwealth Securities has announced that they will use the cost of a 2 GB iPod Nano to assess currency movements.

"Of 26 countrie… <a href="http://www.trendhunter.com/trends/ipod-replaces-the-big-mac-to-measure-currency-strength">[More]</a><BR><BR><!-- END of embed code-->

Andres Colmenares

By: Andres Colmenares
/Andres Colmenares
61 Trends
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iPod Replaces the Big Mac to Measure Currency Strength

An Australian bank will use the iPod as the standard t ocompare different currencies, trying to replace the famous Big Mac index established in 1986 by The Economist.

Commonwealth Securities has announced that they will use the cost of a 2 GB iPod Nano to assess currency movements.

“Of 26 countries surveyed, Australia is the eighth cheapest place to buy a 2 gigabyte (gb) iPod nano in US dollar terms. The most expensive country is Brazil (US$327.71), the cheapest is Canada (US$144.20), while in Australia the local purchase price of $219 in Australia converts to US$172.36.”

Read More: comsec.au Via: www2.noticiasdot Posted: Jan 23, 07
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