What do you think is responsible for the fluctuation of a country's currency?
Me: I thinks it's the country's Gross Domestic Product (GDP)
What do you think is responsible for the fluctuation of a country's currency?
Me: I thinks it's the country's Gross Domestic Product (GDP)
I feel alot more variables. Some of the time international manipulation of relations, trade etc matterss too.
Mostly corruption and mismanagement.
Absolutely
There are indeed several factors at play when it comes to currency fluctuation. While a country's GDP is one aspect, international relations, trade dynamics, and even factors like corruption and mismanagement can also have significant impacts
I totally agree with you. Corruption and mismanagement is killing most nations
Trade balance. A nation is better off exporting more than it imports. Exports require buying the local currency, which raises the price. Imports require buying foreign currency, lowering the local currency price.
Perfectly said.
Thanks a lot