A computer costs $490 in the United States. The same model costs €605 in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations. Round your answer to two decimal places.

1 euro = $_______

A computer costs $490 in the United States. The same model costs €605 in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations. Round your answer to two decimal places.

1 euro = $_______

× How can I help you?