Cheapest country worldwide to buy an iPad: Malaysia
Malaysia is presently the cheapest country to buy an Apple iPad, the new iPad index by Australia-based brokerage CommSec released on September 23 revealed. The index follows a similar survey by Malaysia-based web portal Hongkiat.com released in July 2013.
The index, which is actually a tool to measure purchasing power of currencies and detect their over- or undervaluations, compares the price of an iPad in 46 countries to also track the impact of currency changes on consumer spending, globalisation and retailer margins. The model for such lists is the so-called Big Mac-index that compares the retail price of a Big Mac at McDonald’s outlets all over the world for the same purpose.
Based on late-September 2013 exchange rates and pricing, CommSec deemed Malaysia ($473.77), Hong Kong ($501.52), and Japan ($501.56) the cheapest countries in which to buy an iPad.
Based on CommSec’s theory that “the same good should trade at broadly the same price across the globe if exchange rates are adjusting properly,” it could be said that Malaysia’s currency is presently undervalued.
In ASEAN, Brunei, Singapore, Thailand, Vietnam and the Philippines are all among the top 15 cheapest countries for an iPad purchase.
The countries with the highest prices for an iPad can be found in Europe and Latin America. In Argentina, an iPad costs almost three times as much as in Malaysia in dollar terms.
Malaysia is presently the cheapest country to buy an Apple iPad, the new iPad index by Australia-based brokerage CommSec released on September 23 revealed. The index follows a similar survey by Malaysia-based web portal Hongkiat.com released in July 2013. The index, which is actually a tool to measure purchasing power of currencies and detect their over- or undervaluations, compares the price of an iPad in 46 countries to also track the impact of currency changes on consumer spending, globalisation and retailer margins. The model for such lists is the so-called Big Mac-index that compares the retail price of a Big Mac...
Malaysia is presently the cheapest country to buy an Apple iPad, the new iPad index by Australia-based brokerage CommSec released on September 23 revealed. The index follows a similar survey by Malaysia-based web portal Hongkiat.com released in July 2013.
The index, which is actually a tool to measure purchasing power of currencies and detect their over- or undervaluations, compares the price of an iPad in 46 countries to also track the impact of currency changes on consumer spending, globalisation and retailer margins. The model for such lists is the so-called Big Mac-index that compares the retail price of a Big Mac at McDonald’s outlets all over the world for the same purpose.
Based on late-September 2013 exchange rates and pricing, CommSec deemed Malaysia ($473.77), Hong Kong ($501.52), and Japan ($501.56) the cheapest countries in which to buy an iPad.
Based on CommSec’s theory that “the same good should trade at broadly the same price across the globe if exchange rates are adjusting properly,” it could be said that Malaysia’s currency is presently undervalued.
In ASEAN, Brunei, Singapore, Thailand, Vietnam and the Philippines are all among the top 15 cheapest countries for an iPad purchase.
The countries with the highest prices for an iPad can be found in Europe and Latin America. In Argentina, an iPad costs almost three times as much as in Malaysia in dollar terms.
