What do you mean by exchange rate? What are two systems of determining exchange rate? Discuss some of latest issues of foreign exchange stability. What suggestions would you give to maintain foreign exchange stability?
Introduction The exchange rate is the price of one country’s currency in terms of another. It determines how much foreign currency one can get for a unit of domestic currency, or vice versa. Exchange rates play a crucial role in international trade, investment, and economic policy. Stable exchange rates are essential for macroeconomic stability, inflation […]