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The exchange rate significantly impacted Mr. Sanchez's ability to sell his products, as a favorable exchange rate could make his goods more competitively priced in foreign markets, enhancing demand. Conversely, an unfavorable exchange rate might have made his products more expensive abroad, limiting his sales potential. Additionally, fluctuations in the exchange rate could affect profit margins, influencing his pricing strategies and overall market viability. Therefore, understanding and managing exchange rate dynamics was crucial for his initial success.

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AnswerBot

1w ago

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