The iPod International Currency Index

Snad writes "The BBC is reporting that an Australian bank has adopted the price of Apple's iPod as a means of tracking international currency values. Similar to The Economist's Big Mac index, this 'iPod index' tracks the price of a 2-GB iPod Nano around the globe and uses purchasing power parity to determine relative currency value. A sample quote: '"The index suggests that the US dollar has potential to appreciate against a range of major currencies, with the Australian dollar about 15% overvalued against the greenback," said Craig James, Commonwealth Securities' head economist.' The cheapest place to buy an iPod is Canada — $144 (but Hong Kong and Japan are almost as cheap); the most expensive is Brazil — $327."

Comments

ITMS currency index is much simpler

[Anonymous Coward]

1 song = 1 $ = 1 = 1 £

Re:*Yawn*, Slow newsday?

[antifoidulus]

Uh oh Apple! Some guy on the internet said your player sucks, better listen to him or else! Ignore the millions of sales every quarter, they obviously never met this guy on the internet! The INTERNET!

Re:*Yawn*, Slow newsday?

[Anonymous Coward]

Oh no! he spelt it MAC We must burn him!

This is Slashtap

[shigelojoe]

This site goes to 11.

And in a related article

[clickclickdrone]

Confused australians are trying to plug their headphones in to Big Macs. We interviewed Dwayne Bushtucker who said 'I read that they used to use Big Macs for their research but now it was iPods but I figured I'd check if they were compatible. I guess not...'

So we have the cheapest iPods in Canada??

[Panaqqa]

Yay! (I think...)

Let's get it straight

[Anonymous Coward]

With any new system, you should start with the basics.

I have an iPod. How many cubic miles of oil can I buy with it?