Economic term for the official or standard value of a currency, security, or commodity; also used for normal price levels.
The exchange rate fell far below parity.
This product is sold at the normal price.
mint parity; mint par of exchange
par value; exchange parity
devaluation
purchasing power parity; PPP
revaluation; upward revaluation
Compound of 平 (flat, level, normal) and 価 (value, price). The term is used in modern economic and financial contexts.