exchange rates
Exchange rates represent the cost of one currency in terms of another. The exchange rate between two currencies is determined by the currency’s demand, supply and availability of currencies, and the interest rates. These variables are influenced by each country’s economic situation. If a nation’s economy is growing and is strong then it will experience a higher demand for its currency which causes it to appreciate in comparison with other currencies. Exchange rates are the price at which a currency may be exchanged for another. The rate at… Read More »