Therefore, we can conclude that the market undervalues the Romanian currency by almost 56%. However, the lei is cheaper in Forex – about 4.82 lei per US dollar (as of July 2022). While the price of the burger in the United States is $5.15, the Romanian currency exchange rate is 2.14 lei per dollar in terms of the Big Mac Index. Thus, the Venezuelan bolivar is the world’s most undervalued (cheapest) currency according to the Big Mac Index.īig Mac costs $2.28 in Romania. The Venezuelan bolivar exchange rate expressed in the Big Mac Index in July 2022 is 1.94 bolivars per dollar.Ĭonsidering that the current market rate of the Venezuelan currency is about 5.67 bolivar, rather than 1.94 per US dollar, the bolivar is undervalued by approximately 66%. The most relevant Big Mac Index so far (as of July 2022) is presented in the table below.
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