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Podcast: Die ekonomie minuut
Episode: What does the Big Mac index say about the rand?
Description: The Economist magazine's Big Mac index was all over the news yesterday. This shows that the rand is 49.7% undervalued against the dollar. The exchange rate should be around R8.94 against the dollar. But what does that mean?
This episode is supported by the NWU Business School.
Errors and omissions are my own.