What is a Parity Price?

Parity Price is when two different assets are directly linked to each other and have and equal value.
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Parity Price is when two different assets such as securities and commodities are directly linked to each other and have and equal value. In the case of currencies if one currency is linked to another currency with the price at a par then both currencies have an equal exchange rate such as the Falkland Islands pound which is pegged to pound sterling at par value

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