How can currency exchange affect a business in a negative way?
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Exchange rate volatility can also have an effect on competition. Depreciation of your local currency makes the cost of importing goods more expensive, which could lead to a decreased volume of imports. Domestic companies should benefit from this as a result of increased sales, profits and jobs.Originally Answered: Can Exchange rates of between country can be negative? No. An exchange rate is a price. So for example the exchange rate for US dollars and Japanese Yen is 116.72 right now.
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