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denpristay [2]
3 years ago
11

Why do countries need exchange rates for international trade?

History
1 answer:
maks197457 [2]3 years ago
5 0
Aside from factors such as interest rates and inflation, the currency exchange rate is one of the most important determinants of a country's relative level of economic health. A higher-valued currency makes a country's imports less expensive and its exports more expensive in foreign markets.
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