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Expected inflation in Argentina for next year is 64%. Expected inflation in Europe, for the same period, is 7.0%. Spot rate today is EUR/ARS=158.70. Using

Expected inflation in Argentina for next year is 64%. Expected inflation in Europe, for the same period, is 7.0%. Spot rate today is EUR/ARS=158.70. Using PPP, can you estimate the future spot rate in a year from now?

(additional information: 1g of gold today=EUR54.94)

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