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A change in exchange rates directly affects the relative prices of goods between countries. When a country's currency appreciates, its exports become more expensive for foreign buyers, potentially leading to a decrease in export demand, while imports become cheaper, increasing import consumption. Conversely, if a currency depreciates, exports become cheaper and more attractive to foreign markets, boosting export demand, while imports become costlier, likely reducing their consumption. Thus, fluctuations in exchange rates can significantly impact trade balances and economic dynamics.
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How is Foreign Exchange Rate related to Balance of Payments of a country?
foreign exchange rate has wide rimpact on the balance of payent of a country.suppose their is a change in the exchange rate of a country: case 1 - incase of devaluation there is a possibility of decrease in importables and increase in exportable items . as the price of imported items has grown while thee price of exportable items has decreased in the othe nation. case-2 there is an appreciation in the domestic currency. it would lead to decrease in exports and incrase in imports . as imported items have become cheaper and exportebles have become quite costlier in other country. so it may lead to BOP deficit.
How does the rate of change in coal exports from 2005 to 2006 compare to that of 2001 to 2002?
It would depend on which countries exports you are referring to.
What is GDP in economic term?
Market measure of new and final goods and services within a country in a period of time. GDP=C+I+G+Xn C=Personal consumption expenditures(durable/non durable/services) I=Investors/Producers(residential and non residential investments, and change in inventories) G=Government(any new government purchases only) Xn=Net Imports(exports-imports)
What is the purpose of an exchange rate?
It's important to know the strength of the country's economy through the stability of exchange rate movement and the degree of change, and to know how the economy of the country's trade balance is during any movement of export s and imports. It's also affects the exchange rate on the purchasing power of the individual. In addition, exchange rate benefits by knowing the government policies wither economically or politically, as it affect stability in general and a stable exchange rate for the local currency against foreign currency.
How much do exchange rates change over a 30 day period?
No, exchange rates do not change daily, in the sense that the exchange rate does not change just once a day. For example, the pound will not change value just once versus the euro or US dollar, from Monday to Tuesday. Instead, exchange rates change much more frequently. In fact, they change every second.
What is the law that cuts off imports from and exports to a specific country called?
The law that restricts or prohibits imports from and exports to a specific country is known as an "embargo." Embargoes are typically imposed for political, economic, or security reasons, aiming to pressure the targeted country to change its policies or behavior. They can vary in scope and duration, affecting various goods and services.
What effect does the product lifecycle have on advertising strategy?
As products (markets) mature, both the location of sales and of (optimal) production change, thereby affecting the pattern of exports and imports
Definition of trade quantity?
Trade quantity refers to the quantity of the goods and services from a sale instead of the contractual conditions between the buyer and seller. Trade quantity can cause a change in the prices of exports and imports.
What is an exchange of information that results in a change of behavior called?
An exchange of information that results in a change of behavior is called an influence. For example, you have a habit of smoking. You are given information about the health risks, and you then change your behavior to quit smoking.
How is Foreign Exchange Rate related to Balance of Payments of a country?
foreign exchange rate has wide rimpact on the balance of payent of a country.suppose their is a change in the exchange rate of a country: case 1 - incase of devaluation there is a possibility of decrease in importables and increase in exportable items . as the price of imported items has grown while thee price of exportable items has decreased in the othe nation. case-2 there is an appreciation in the domestic currency. it would lead to decrease in exports and incrase in imports . as imported items have become cheaper and exportebles have become quite costlier in other country. so it may lead to BOP deficit.
How does the rate of change in coal exports from 2005 to 2006 compare to that of 2001 to 2002?
It would depend on which countries exports you are referring to.
What is GDP in economic term?
Market measure of new and final goods and services within a country in a period of time. GDP=C+I+G+Xn C=Personal consumption expenditures(durable/non durable/services) I=Investors/Producers(residential and non residential investments, and change in inventories) G=Government(any new government purchases only) Xn=Net Imports(exports-imports)
Can I exchange change for bills at a bank?
Yes, you can exchange change for bills at a bank.
Where can I bring my change for exchange or deposit?
You can bring your change to a bank or a coin exchange machine to exchange it for bills or deposit it into your account.
How closely does the economy in Canada follow the economy in the US?
The Canadian economy shadows the American economy but to a lesser degree. Due to Canada relying on American imports and exports there was a large change in cross-border cash flow which affected the Canadian economy. There are items such as the housing market which are far stronger in Canada.
What is the purpose of an exchange rate?
It's important to know the strength of the country's economy through the stability of exchange rate movement and the degree of change, and to know how the economy of the country's trade balance is during any movement of export s and imports. It's also affects the exchange rate on the purchasing power of the individual. In addition, exchange rate benefits by knowing the government policies wither economically or politically, as it affect stability in general and a stable exchange rate for the local currency against foreign currency.
How political influence curriculum development?
In my opinion, politics is one of the factors that influence the development of the curriculum. It is clearly indicating that curriculum development is influenced by the political process, because every time the leadership of a country's exchange, then every time that curriculum change.
