1. – Using the following information, determine each one of the theoretical Exchange Rates(E.R.) for December of year 02 according to the Relative PPP Theory.MARKETMARKETE.R.E.R.COUNTRYCURRENCYСРICPIDec-01Dec-02Dec-01Dec-02MexicoМХР231.89264.354619.5620.15TurkeyTRY (Lira)498527.885.94196.07673AustraliaAUD9891038.451.77591.81183JapanJPY678745.8105.866113.978UnitedKingdomGBP905.26986.73340.59910.617849South KoreaKRW (Won)795.4874.941,658.621,793.37CanadaCAD523.12554.50721.37361.4942U.S.A.USD1.51.56

The purchasing power parity (PPP) holds when the power of purchase of one unit of currency is…

Answered: 231.89 264.3540 498 527.88 989 1038.45

Business

Accounting

231.89 264.3540 498 527.88 989 1038.45

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. – Using the following information, determine each one of the theoretical Exchange Rates
(E.R.) for December of year 02 according to the Relative PPP Theory.
MARKET
MARKET
E.R.
E.R.
COUNTRY
CURRENCY
СРI
CPI
Dec-01
Dec-02
Dec-01
Dec-02
Mexico
МХР
231.89
264.3546
19.56
20.15
Turkey
TRY (Lira)
498
527.88
5.9419
6.07673
Australia
AUD
989
1038.45
1.7759
1.81183
Japan
JPY
678
745.8
105.866
113.978
United
Kingdom
GBP
905.26
986.7334
0.5991
0.617849
South Korea
KRW (Won)
795.4
874.94
1,658.62
1,793.37
Canada
CAD
523.12
554.5072
1.3736
1.4942
U.S.A.
USD
1.5
1.56

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