If purchasing power parity holds,what will happen to the currency of a country with high inflation?

Question

Quizplus · Accepted Answer

Purchasing power parity suggests that exchange rates should adjust so that the same basket of goods has the same cost in different countries. If a country has high inflation, it means that goods in that country are becoming more expensive compared to goods in other countries. Thus, the currency will depreciate to offset the higher prices and maintain the parity of purchasing power.

If Purchasing Power Parity Holds,what Will Happen to the Currency