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From base price levels of 100 in 2016, price levels in Malaysia (currency is MYR) and the United Arab Emirates (currency is AED) in 2019

From base price levels of 100 in 2016, price levels in Malaysia (currency is MYR) and the United Arab Emirates (currency is AED) in 2019 stood at 104 and 111, respectively.

Assume that (relative) PPP holds.

The spot exchange rate in 2016 was 0.1395 AED per MYR.

1: What should (according to PPP) the exchange rate have been in 2019? Give your answer in number of AED per MYR correct to 3 decimal places.

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