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P. 1
PPP final IFM

PPP final IFM

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Published by sachin

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Published by: sachin on Apr 29, 2009
Copyright:Attribution Non-commercial

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11/24/2012

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APresentation on
Presented to: Presented by:Nikunj Patel Sachin NandhaSandip Gunge
 
Introducton
 
The theory of 
purchasing power parity(PPP)
explains movements in theexchange rate between two countries’currencies by changes in the countries’ price levels.
 
The Law of One Price
Law of one price
Identical goods sold in different countries must sell for the same price when their prices are expressed in termsof the same currency.
 – Example: If the dollar/pound exchange rate is $1.50 per  pound, a sweater that sells for $45 in New York must sell for £30 in London.

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