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The Chilean inflation rate is 11.6% and the US inflation rate is 4.1%. One year ago, the exchange rate was 0.011 USD per Chilean peso.

The Chilean inflation rate is 11.6% and the US inflation rate is 4.1%. One year ago, the exchange rate was 0.011 USD per Chilean peso. If the Law of One Price holds, what would you expect the current USD per Chilean peso exchange rate to be?

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