Apple's iPod takes on global currency markets

News Type: Event — Seeded on Thu Jan 18, 2007 12:01 PM EST

Article Source: Yahoo! News

business, technology, apple, ipod, nano, currency-markets, purchasing-power, global-prices

Having already stormed world fashion, Apple's hip iPod music player is finally making its presence felt in global currency markets.

One of Australia's biggest banks ... used the latest version of Apple's music player -- the slimline Nano -- to compare global currencies and purchasing power in 26 countries.

Along the lines of the Big Mac index launched 20 years ago by The Economist magazine, the survey prices the 2GB Nano in U.S. dollars and found Brazilians pay the most for an iPod...