What factors cause changes in exchange rates? How do these factors cause a currency to appreciate or depreciate? What impact would a depreciating currency have on the current account balance?
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Below are my answers.
NOTE: IN the OTA's own words in accordance with BM rules
First, the exchange rates of a currency relative to another currency depend on several factors. These factors include the interest rate of the country relative to another, expected future ...
A brief overview of causes for changes in exchange rates is presented.