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Analysts have shown the real exchange rate of the dollar to the hryvnia based on the “Big Mac index” (INFOGRAPHICS)

The method for calculating the “Big Mac index” is based on a comparison of the purchasing power of the population – the cost of the US currency is equated to the price of a burger in a certain country.

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Photo – informator.ua

As NBN reports with reference to the analytical material of The Economist, during January 2025, the hryvnia fell to 6th place from the end of on the list of the world's most undervalued currencies, according to the updated Big Mac Index.

According to The Economist analysis, a Big Mac burger in Ukraine costs on average about 120 hryvnia, and in American McDonald's chain restaurants – 5.79 dollars: the exchange rate of the national currency of Ukraine is undervalued by 50.7 percent, if compared with the actual exchange rate of almost 42 hryvnia per dollar.

Thus, taking into account purchasing power, the dollar exchange rate in Ukraine should not exceed 20.73 hryvnia per unit.

In addition, similar statistics for recent years show a significant undervaluation of the hryvnia, which does not prevent the national currency of Ukraine from further devaluation: as of Thursday, January 30, 2025, the bank-regulator (NBU) set the official rate at 41.92 hryvnia per one US dollar.

Photo — economist.com

Earlier, our information portal wrote about the financier predicting when the dollar in Ukraine would rise in price to 45 hryvnia.

nbnews.com.ua

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