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The current spot rate is USD / CHF 0 . 9 1 . A basket of tradeable goods is calculated to cost 8 8 0

The current spot rate is USD/CHF 0.91. A basket of tradeable goods is calculated to cost 880 USD or 790 CHF. According to the absolute form of PPP the USD is currently
Undervalued relative to the CHF
Fairly valued relative to the CHF
Overvalued relative to the CHF

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