Based on the theories outlined in your study on International Parity Conditions, briefly outline (in no more than 300 words) which theory/s do you believe best explain the movement of the exchange rates shown in Figures 1 and 2. You should justify your answer with any appropriate.

Figure 2: TRY/CNY Figure 1: USD/CNY USD to CNY Chart +6.54% (5Y) - 1USD = 6.7839 CNY Jen 23. 2023, 06.57 UTC US Duar y Ctonat Yan Ramios 12H 101W1M1Y2Y5Y10Y Figure 2: TRY/CNY Figure 1: USD/CNY USD to CNY Chart +6.54% (5Y) - 1USD = 6.7839 CNY Jen 23. 2023, 06.57 UTC US Duar y Ctonat Yan Ramios 12H 101W1M1Y2Y5Y10Y