Go to the International Monetary Fund’s Web site at www.imf.org , find the Data and Statistics tab, locate World Economic Outlook (WEO) data, and download the “Implied PPP conversion rate” for the...

Go to the International Monetary Fund’s Web site at www.imf.org , find the Data and Statistics tab, locate World Economic Outlook (WEO) data, and download the “Implied PPP conversion rate” for the Indonesian rupiah and the Philippines peso versus the dollar. Calculate a rupiah per peso PPP rate and compare it to the actual exchange rate. Which currency is overvalued, and by how much?