Question

What is the meaning of “strength of a country’s currency”? List out the
factors and explain why these factors affect a country’s currency. Why does a
currency with less value is favored for international trade? Summarize your answer.

Answer 1

Explanation:

What is the meaning of “strength of a country’s currency”? List out the

factors and explain why these factors affect a country’s currency. Why does a

currency with less value is favored for international trade? Summarize your answer.

Answer 2

Answer:

The terms "stronger" and "weaker" are used to compare the value of a specific currency (such as the U.S. dollar) relative to another currency (such as the euro). A currency appreciates in value, or strengthens, when it can buy more foreign currency than previously.