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PPP

From Econterms, for About.com

Definition: PPP stands for purchasing power parity, a criterion for an appropriate exchange rate between currencies. It is a rate such that a representative basket of goods in country A costs the same as in country B if the currencies are exchanged at that rate.

Actual exchange rates vary from the PPP levels for various reasons, such as the demand for imports or investments between countries.

(Econterms)

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