Friday , 29 March 2024

Tag Archives: floating foreign exchange rate

6 Factors Influence Foreign Exchange Currency Rates – Here’s How

It was only a few decades ago that currencies around the world were back by gold which meant that whatever piece of money that people used in their day-to-day lives represented a real amount of gold held by that government. Today, the main influencing factors on exchange rates are as illustrated in the infographic below.

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