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Currently, you can exchange 100 for $124.15. The inflation rate in Europe is expected to be 3.3 percent as compared to 3.1 percent in the

Currently, you can exchange 100 for $124.15. The inflation rate in Europe is expected to be 3.3 percent as compared to 3.1 percent in the U.S. Assuming that relative purchasing power parity exists, what should the exchange rate be five years from now?

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