20 Feb '14, 2am

Malaysia is 3rd cheapest place to buy a Big Mac

Malaysia is 3rd cheapest place to buy a Big Mac

KUALA LUMPUR - Malaysia has been ranked one of the cheapest places in the world to purchase a Big Mac, according to The Economist. The British news magazine's annual "Big Mac" Index, which gauges if global currencies are at their correct level, has ranked Malaysia third behind India and South Africa as the cheapest place in the world to purchase the McDonald's signature burger. "The price paid for a Big Mac in Malaysia is RM7.40 (S$2.82), which is equivalent to US$2.23 when converted using the global exchange rates. "This amount is lower when compared with the actual price of a Big Mac that is sold in the United States for US$4.62 (S$5.80), indicating a 50 per cent difference. "In other words, the Big Mac sold in Malaysia is half the price of the same burger sold in the US," the magazine revealed. India's "Maharaja Mac" only cost US$1.54, which is three times less than it ...

Full article: http://www.soshiok.com/content/malaysia-3rd-cheapest-plac...

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