Explain the difference between the real exchange rate and the PPP exchange rate. What is the purpose
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Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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The real exchange rate provides an estimate of the purch...View the full answer
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Muhammad Umair
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