Purchasing Power Parity Versus the Nominal Exchange Rate, 1990ā2013
Purchasing Power Parity Versus the Nominal Exchange Rate, 1990ā2013The purchasing power parity between the United States and Canadaāthe exchange rate at which a basket of goods and services would have cost the same amount in both countriesāchanged very little over the period shown, staying near C$1.20 per US$1. But the nominal exchange rate fluctuated widely.