Question

Explain how changes in exchange rates can affect peoples daily lives ?

Answer 1

Answer:

Changes in exchange rates may not seem to affect most people in their everyday lives, but indirect effects are more widespread than many realize. ... Exchange rates also impact investment performance, interest rates and inflation - and can even extend to influence the job market and real estate sector.

A higher-valued currency makes a country's imports less expensive and its exports more expensive in foreign markets. A lower-valued currency makes a country's imports more expensive and its exports less expensive in foreign markets.

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