in 2013, a big mac cost $4.37 in the u.s. in spain, a big mac cost 6.73 euros the same year. if the actual exchange rate of euros to dollars is 1.24, does ppp hold based on the big mac? multiple choice question. yes. the exchange rate predicted by ppp is 1.24 yes. the exchange rate predicted by ppp is 1.54 no. the exchange rate predicted by ppp is 0.65 no. the exchange rate predicted by ppp is 1.54