the economist's latest big mac index shows the euro to be 17% overvalued [economist]
june 14, 2005 @
11:13
link
"the euro is worth about $1.22 on the foreign-exchange markets. a big mac costs €2.92, on average, in the euro zone and $3.06 in the united states. the rate needed to equalise the burger's price in the two regions is just $1.05."
http://www.economist.com/finance/displayStory.cfm?story_id=4065603