According to the Purchasing Power Parity,if one country's price level rises relative to another's by a certain percentage,then the other country's currency

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According to the Purchasing Power Parity, if one country's price level rises relative to another's by a certain percentage, then the other country's currency appreciates by the same percentage. This is because the goods and services in the country with the lower price level become relatively cheaper, and consumers will demand more of their currency to purchase these goods and services. This increased demand for the currency results in an increase in its value, hence appreciation.

According to the Purchasing Power Parity,if One Country's Price Level