KFC Index
The KFC Index[1][2][3] is an economic index which compares the purchasing power of two currencies in African countries. It is related to the Big Mac Index, but the KFC Index is only about Africa. The Big Mac Index is about many countries in the world, but it can't be used for Africa. This is because there aren't many McDonald's in Africa. KFC is in almost 20 countries in Africa, so it is easier to use.
Figures[change | change source]
In February 2016:
Most overvalued currencies
Angola 72%
Morocco 30%
Most undervalued currencies
South Africa -48%
Egypt -34%
Namibia -32%
References[change | change source]
- ↑ "Angola's currency is the most overvalued in Africa, based on the "KFC Index"". Quartz. 4 March 2016.
- ↑ "Fried Chicken Index Shows Angola Kwanza Most Overvalued Currency". Bloomberg. 1 March 2016.
- ↑ "The KFC Index". The Atlas. 1 March 2016. Archived from the original on 10 July 2019. Retrieved 10 July 2019.