According to the "Big Mac" index, if a Big Mac costs $2.28 in the United States and 48 baht in Thailand (equivalent to $1.91), then the baht is an undervalued currency.

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The "Big Mac" index compares the price of a Big Mac in different countries to assess whether currencies are valued appropriately against the US dollar. If a Big Mac is cheaper in a country (in this case, Thailand) than in the US, it suggests that the local currency (the baht) is undervalued relative to the US dollar.

According to the "Big Mac" Index, If a Big Mac