Mondrian’s Purchasing Power Parity method (PPP) provides a consistent measure of value across all currencies – a process we have employed since the founding of our firm in 1990. Our PPP fair value is the exchange rate at which a basket of goods and services costs the same in two different currencies and is supplemented by our sovereign credit analysis.
Below are Purchasing Power Parity valuations versus the US dollar for various developed and emerging markets.
Purchasing Power Parity Valuations versus US dollar
Developed Markets
Emerging Markets
As of March 31, 2023
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