explain the causes of fluctuation in exchange rate
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Most of the world's currencies are bought and sold based on flexible exchange rates, meaning their prices fluctuate based on the supply and demand in the foreign exchange market. A high demand for a currency or a shortage in its supply will cause an increase in price.
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Most of the world's currencies are bought and based on flexible sold exchange rates,meaning their prices fluctuate based on the supply and demand in the foreign exchange market. A high demand for a currency or a shortage in it's supply will cause an increase in price
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