I joined Jess Maguire on ABC Statewide Drive to discuss the Big Mac Index and how it uses the concept of purchasing power parity to assess whether currencies appear overvalued or undervalued. We also explored why the index has limitations as a measure of fair value, what it suggests about the Australian dollar, and the important differences between market pullbacks, corrections and crashes, highlighting why short-term volatility is a normal part of investing.

Listen in from 1:47:03: ABC Statewide Drive