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LUI JULICA en.com products/d 21049-5468. Od 5a/pages/alfca0727898b5a4 6: International Parity Conditions Q W 6.2 Argentine Float. The Argentine peso was fixed through a currency board at Ps1.00/$ throughout the 1990s. In January 2002, the Argentine peso was floated. On January 29, 2003, it was trading at Ps3.20/$. During that one-year period, Argentina's inflation rate was 20% on an annualized basis. Inflation in the United States during that same period was 2.2% annualized. a. What should have been the exchange rate in January 2003 if PPP held? b. By what percentage was the Argentine peso undervalued on an annualized basis? c. What were the probable causes of undervaluation? Derek Tosh and Yen-Dollar Parity. Derek Tosh is attempting to determine whether U.S./Japanese financial conditions are at parity. The current spot rate is a flat 89.00/$, while the 360-day forward rate is 184.90/$. Forecast inflation is 1.100% for Japan, and 5.900% for the United States. The 360-day euroyen deposit rate is 4.700%, and the 360- day eurodollar deposit rate is 9.500%. a. Diagram and calculate whether international parity conditions hold between Japan and the United States. b. Find the forecasted change in the Japanese yen/U.S. dollar (Y/S) exchange rate one year from now. Lamoreaux's Homes: Sydney to Phoenix. Tem Lama Ons homes in Sydney 6.3 6.4 ENG search