Currencies - U.S. dollar foreign-exchange rates. May 5, 2011 Country/currency.............in US$............per US$ British Pound....................1.5347................0.6516 Norwegian Kroner..........0.1690.............5.9173 Thai Baht...................0.0310...............32.250 Suppose a Big Mac costs $3.27 in Boston, and 101 Thai Baht in Thailand. In this circumstance, what can we say is TRUE? 4. Purchasing Power Parity holds, and Big Macs are relatively expensive in Thailand OD. Purchasing Power Parity holds, and Big Macs cost the same in these two cities O Purchasing Power Parity does not hold, and Big Macs are relatively cheap in Thailand OPurchasing Power Parity holds, and Big Macs are relatively cheap in Thailand e. Purchasing Power Parity does not hold, and Big Macs are relatively expensive in Thailand