McDonald’s restaurants and Big Macs are everywhere, which means that they’re a pretty easy way of comparing prices between one country and another. Every year The Economist looks at global currency value and purchasing power by comparing the prices of Big Macs in different countries to see which countries’ currencies are the most overvalued, and this year Switzerland came out on top.
According to The Local, Switzerland has the highest-priced Big Macs in the world. In 2017, the Swiss Big Mac costs $6.35, while in the U.S. a Big Mac costs $5.06. According to the Big Mac Index, if the exchange rate between the Swiss Franc and the U.S. dollar were 1.28, the burgers would be priced the same. The real exchange rate is 1.02 Swiss francs to the dollar.
The Economist also offered an adjusted index that accounted for labor costs, and in that case the Swiss Big Mac is just about equal to the U.S. one. Brazil tops the adjusted index by a wide margin.