relative purchasing-power parity

基本解释

As countries' relative productivity rises, their exchange rates should move closer to purchasing-power parity.
当他们的相对生产率提高时，其汇率应该与购买力平价愈加接近。
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。
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%。

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