The theory of purchasing-power parity (PPP) implies that high-inflation currenciesshould depreciate, relative to harder monies.

根据购买力平价理论推导，高通胀货币应当对低通胀者贬值。

youdao

On the OECD's calculations of purchasing-power parity (a measure that adjusts for relative prices), the franc is 42% overvalued against the euro and 44% against the dollar.

经济合作与发展组织(OECD)通过对购买力平价的计算(一种调节相对价格的措施)，瑞士法郎与欧元相比则被高估42%，与美元相比则被高估44%。

youdao

Relative purchasing power parity holds better than PPP itself, and holds relatively well in the long run, although it is unlikely to precisely hold in any one period.

相对购买力平价成立优于PPP本身，从长远来看持有相对较好，虽然这是不可能精确地保持在任何一个时期。

youdao

On the basis of purchasing-power parity (ie, relative prices) it does look undervalued.

ECONOMIST: China's economy

By the standard measure of purchasing-power parity, which reflects currencies' relative buying power, all of South-East Asia's currencies are now undervalued.

ECONOMIST: Asian currencies

On the OECD's calculations of purchasing-power parity (a measure that adjusts for relative prices), the franc is 42% overvalued against the euro and 44% against the dollar.

ECONOMIST: The paper currency that everyone seems to like