Big Mac Index Finds Shekel Highly Overpriced

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Big Mac index finds shekel highly overpriced
The Economist’s latest Big Mac index ranks the shekel as the world’s eighth most overvalued currency. The index, which is built on the assumption that a standardized product like McDonald’s flagship hamburger should cost around the same anywhere in the world, shows the shekel to be overvalued by 6.9%. The burger sells for 17.50 shekels in Israel,...