Currency  Exchange Rates

Currency  Exchange Rates

Currency  Exchange Rates After reading chapters 16, 17, 18, and 19, write a 2-page paper describing how currency exchange rates are determined in markets. Exemplify how it occurs by showing it in graphical form. How does a country’s balance of trade coincide with its exchange rate with another country? chapter_16__15th_fin.pptx
chapter_17__15th_fin.pptx
chapter_18__15th_fin.pptx
chapter_19__15th_fin.pptx

 

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How currency exchange rates are determined

            Different countries use different currencies to facilitate transactions within the country. The United States of America for instance uses the Dollar for all purchases and sales. Due to the increasing globalization, different countries transact with each other and therefore, the currency of one country has to be convertible to the currency of other countries’ currencies so that foreign citizens can transact in the foreign countries. Therefore, one currency is converted to another desired currency. The strengths of currencies are different and therefore…………………..

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