And a Latte to go

A Latte, though, has got to be Starbucks. I like to pair my a la carte Big Mac with a Latte – only when there is a 1-for-1 offer at Starbucks. Just the day before, i used the Big Mac Index to gauge if foreign currencies are under- or over- valued relative to our local

One Big Mac, please

I have discussed the pros of capitalising undervalued foreign currencies by travel to another lower costs city/country via Quasi Geoarbitrage and buying more foreign currencies by taking advantage of foreign currencies drops. However, how would we know if the foreign currencies are under- or over- valued relative to our local currencies? The Big Mac Index

Take advantage of foreign currencies drops

Many of us would frequently come into contact with foreign currencies, whether it is for holidays, children’s overseas education, property investment etc. It serves as a medium of exchange to facilitate transactions, as a store of value, and as a unit of account. Foreign Currency Purpose US Dollars (USD) Education, Travel Great Britain Pounds (GBP)