One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time

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One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S. has been 4% greater than that in Canada. Based on the theory of Relative PPP, the current spot exchange rate of U.S. dollars for Canadian dollars should be approximately:

Posted Date: Jun 09, 2024 08:07 AM

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One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time

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