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. maintains its value. depreciates by the same percentage. lose its value.
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Home » Business » 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. maintains its value. depreciates by the same percentage.