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What else can I help you with?
How does exchange rate changes affect imports and exports?
If you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive.
If the US dollar is worth 25 Russian Rubles but only a fraction of a Euro what can be deduced about the strength of a US dollar in Europe?
It is weak in EuropeAnswer 2Nothing can be deduced.The strength of a currency relative to another does not relate to the absolute exchange, but to how the rate has been changing over the last months and years.
When you buy another currency do you want a weak or strong currency?
strong
How can a central bank use its currency reserves to support the value of its country's currency in the foreign exchange market?
Central banks use reserves in 2 ways: 1) They acquire (buy) foreign currency, often US Dollars, with their currency to keep their currency relatively weak and so enhance exports. This is what the US is acusing China of doing. 2) They use their foreign reserves to buy their own currency and support if from falling in value. This is what happened, with limited temporary success and eventual failure in Asian currencies, such as the Thai Baht, in 1997.
When one currency is getting stronger and other goes weak in forex which one you have to buy or sell?
In order to make profit you should buy the currency that is getting stronger and sell the currency that is getting weaker.
How does exchange rate changes affect imports and exports?
If you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive.
What is depreciation and appreciation of foreign currency?
Depreciation is when one currency becomes weak against another currency. Appreciation is when one currency becomes stronger than other currency. For example, imagine that current exchange rate is USD/EUR=1.42 and after some time it changed to USD/EUR=1.45, in that case US Dollar depreciated against Euro. If it changes to USD/EUR=1.38 in this case US Dollar appreciates against Euro.
If the US dollar is worth 25 Russian Rubles but only a fraction of a Euro what can be deduced about the strength of a US dollar in Europe?
It is weak in EuropeAnswer 2Nothing can be deduced.The strength of a currency relative to another does not relate to the absolute exchange, but to how the rate has been changing over the last months and years.
How do you know if a currency is weak or strong?
A currency is considered strong when it appreciates in value compared to other currencies, while it is considered weak when it depreciates in value. Factors influencing currency strength include economic indicators, political stability, interest rates, and market speculation. Traders and analysts use tools like exchange rate charts and economic data to assess currency strength.
When you buy another currency do you want a weak or strong currency?
strong
What is the Japanese word for 'weak'?
'Yowai.'
What is a weak dollar?
A weak dollar refers to a situation where the value of the U.S. dollar decreases relative to other currencies. This can make imports more expensive for U.S. consumers, but it can also benefit American exporters by making their goods more competitive in foreign markets.
Why the Japanese want the men to be weak?
Weak men could not offer much resistance.
What made China weak in 1931?
They were weak because the Japanese had invaded Manchuria which was on the boarder of china this made china's government weak
How is japans currency effecting its economy?
because the Japanese yen is quite strong at the moment it isn't really affecting japan but since everyone elses doallor is weak, exports and imports have been affecting japan's economy.
How can a central bank use its currency reserves to support the value of its country's currency in the foreign exchange market?
Central banks use reserves in 2 ways: 1) They acquire (buy) foreign currency, often US Dollars, with their currency to keep their currency relatively weak and so enhance exports. This is what the US is acusing China of doing. 2) They use their foreign reserves to buy their own currency and support if from falling in value. This is what happened, with limited temporary success and eventual failure in Asian currencies, such as the Thai Baht, in 1997.
What is meant by a Strong Currency?
It means, when it is weak we buy les from other countries than we were used to, strong currency is visa vesa
