The international monetary and finance structure
3 important questions on The international monetary and finance structure
What is currency exchange
Foreign or currency exchange rates affect the value of everything a nation buys or sells on international markets. It also impinges on the cost of credit and debt and the value of foreign currencies held in national and private banks.
A change in the value of one currency can mean huge gains or losses depending on how much the market prices for currencies have changed in the recent past or might change in the future.
A change in the value of one currency can mean huge gains or losses depending on how much the market prices for currencies have changed in the recent past or might change in the future.
What is soft currency
Is not really accepted and it is usually limited to its home country or region. It must acquire hard currency (through export or borrowing) in order to purchase goods or services from other nations.
What political and economic forces affect exchange rates
-currency appreciation and depreciation
-currency-rate manipulation
-whether one's currency is fixed to the value of another currency
-interest rates and inflation
-speculation
-currency-rate manipulation
-whether one's currency is fixed to the value of another currency
-interest rates and inflation
-speculation
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