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

Re:*Yawn*, Slow newsday?

[antifoidulus]

You do realize that your priorities are not the same as everyone elses correct? You do realize you are not the end all be all of the world, correct? You do realize that you need actual evidence to claim something is overpriced, correct? Get over yourself. The iPod didn't work for you, that doesn't mean it is a flawed product. I don't want or need a ferrari, does that mean ferraris suck? Nope, just that I don't need one. You don't want or need an iPod. Does that really say anything about the iPod? Nope, just that you don't want one. As I said before, get over yourself.