Exchange Rates, and factors that affects exchange rates with an example as a case study

11 months ago

Greetings to all and sundry on this great platform, I am here once again to write and
and submit my entry to the zealy quest adoption campaign. Today I would be tackling the topic Exhange Rate
which is a subtopic under Economy.

Exchange rates basically, refers to the rate at which one currency is exhanged with other countries currency.
It can be expressed in percentage, or even in APR (Annual Percentage Rate).

Exchange rates can be influenced by both the domestic currency valuue and also the foreign currency
value as well. Economic activity, unemployment rate of a country, gross domestic products, and
interest rate of the market has significant impact on the exchange rate.

To learn more about exchange rate, kidnly take your time and go through the video provided here.

Thank you all for your time and attention.

▶️ 3Speak

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1 comments

@hivebuzz 74

11 months ago

Congratulations @abu78! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

	You made more than 2500 comments. Your next target is to reach 3000 comments.

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To support your work, I also upvoted your post!

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