If the actual exchange rate for the euro value of the Australian dollar is higher than the charts rate that would satisfy absolute PPP, which of the following statements is comede The Australian dollar is undervalued because its extienal purchasing power exceeds les internal purchasing power The Australian dollar is overvalued because its external purchasing power exceeds its internal purchasing power The Australian dollar is undervalued because its internal purchasing power exceeds its external purchasing, power The Australian dollar is overvalued because its internal purchasing power exceeds its external purchasing power