The Icelandic króna is the most overrated currency in the world, according to the Economist’s Big Mac Index. A Bic Mac hamburger at McDonald’s is 123 percent more expensive in Iceland than in the US.
Bic Macs in Norway and Switzerland are almost as expensive as in Iceland and in countries which have the Euro, Bic Macs cost 22 percent more than in the US. But in China, Bic Macs cost 58 percent less than in the US, Fréttabladid reports.
The Bic Mac Index is a comparison, published by the Economist, of the price of hamburgers at the American McDonald’s fast food chain, which are sold in 120 different countries.
