If the amount spent on goods and service by UK buyers is greater than the amount received from selling goods and services abroad, the UK will experience a balance of payments deficit (trade deficit). If the reverse occurs then the UK will experience a balance of payments surplus (trade surplus)
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
Exchange rates would most likely stay the same. If inflation increase or decreases I believe that is where exchange rates will more so be affected
unfavourable exchange rate movement
Floating Exchange Rate
what are the causes of fluctuations in the exchange rate
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
Exchange rates would most likely stay the same. If inflation increase or decreases I believe that is where exchange rates will more so be affected
The Exchange Rate is 6594.232$.
Floating Exchange Rate
unfavourable exchange rate movement
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
what are the causes of fluctuations in the exchange rate
The Zimbabwean has the highest foreign exchange rate.
erwwreg
Forward exchange rate is the agreed upon exchange rate to be used in a forward trade.
Exchange rate is depends on the rate of that country currency rates and gold!