Starbucks (Croatia).Starbucks opened its first store in Zagreb, Croatia, in October 2010. In Zagreb, the price of a tall vanilla latte is 25.66 Croatian kunas (kn or HRK). In New York City, the price of a tall vanilla latte is $2.62 . The exchange rate between Croatian kunas and U.S. dollars is kn 5.6288 equals $ 1 . According to purchasing power parity, is the Croatian kuna overvalued or undervalued? The percentage of overvaluation or undervaluation is nothing %.

(Round to two decimal places.)