if i am visited a hotel for purchase foreign exchange what question's put to me from purchase manager to me.
to increase revenue in a country
The loss for foreign exchange throutgh tourism industry is bad planing and managerments of industry.
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
it is important because
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The importance of the foreign capital inflows to the Namibian economy is that the foreign exchange is used for both the imports and exports. The foreign capital inflows is therefore very important.
It helps to earn foreign exchange very helpful -By Rutvik A. Shah
New Zealand's largest industry is the dairy industry, closely followed by tourism. This is in terms of foreign exchange earnings.
Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
it is a important trade which in turn develop the country for better life style in the country .
The main advantage of tourism industry is that it helps the country to earn foreign exchange from the tourists.Further, the tourist spots are highlighted before both domestic and foreign tourists which helps the local inhabitants to earn their livlihood. One of the disadvantages of tourism industry is that sometimes places of strategic importance are bared open before the outer world,thereby posing security risk for the country.
1.Creats employment 2.provides rawmaterials for the secondary firms 3facilitates trade hence generating foreign currency