Cryptocurrency Q&A
Is a high exchange rate good or bad?
Is a high exchange rate good or bad?
CryptoProphet
Wed Nov 20 2024
|
6
answers
1835
I'm wondering about exchange rates. Specifically, I want to know whether a high exchange rate is considered good or bad. What are the implications of a high exchange rate?
6 answers
Stardust
Fri Nov 22 2024
A country's balance of trade can be negatively impacted by a higher exchange rate.
Was this helpful?
392
26
Giuseppe
Fri Nov 22 2024
When the exchange rate increases, the value of the country's currency rises, making its exports less competitive in the global market.
Was this helpful?
247
32
EclipseSeeker
Thu Nov 21 2024
As a result, the country earns less revenue from its exports.
Was this helpful?
332
71
IncheonBlues
Thu Nov 21 2024
Simultaneously, imports become cheaper, leading to increased spending on foreign goods and services.
Was this helpful?
268
76
EnchantedMoon
Thu Nov 21 2024
Conversely, a lower exchange rate can have a positive effect on the balance of trade.
Was this helpful?
366
57
Load 5 more related questions
