Thursday, October 4, 2007

IPod Index

Australian Bank has replaced Big Mac Index with IPod Index to measure global currencies and purchasing power. With reduced freight charges these days, it is surprising to see how the prices differ across the globe. The price details of the IPod 4GB Nano in different countries opens the opportunity for hedging based on the fluctuating currency rates. High tariff and tax policies are stated as the reasons for high prices in Brazil, Argentina. Details as stated in link below.

Details here

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