Impact of exchange rates on macro-economic variables
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These macroeconomic variables are unstable and volatile depending on the state of the economy prevailing in their countries . In addition increased cross border currency flows due to foreign direct investment and service like banking, insurance, education, tourism cause the exchange rate fluctuate randomly.
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Macroeconomic variables such as interest rate, inflation rate, the balance of payments, tax rate etc influence the XR randomly. ... In addition increased cross border currency flows due to foreign direct investment and service like banking, insurance, education, tourism cause the exchange rate fluctuate randomly.
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