Comments on: Importance and Differences in foreign currency exchange rates? http://www.currencyexchangemarket.com/blog/importance-and-differences-in-foreign-currency-exchange-rates/ Wed, 08 Feb 2012 20:26:10 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Judah http://www.currencyexchangemarket.com/blog/importance-and-differences-in-foreign-currency-exchange-rates/comment-page-1/#comment-1748 Judah Thu, 24 Sep 2009 10:11:12 +0000 http://www.currencyexchangemarket.com/blog/importance-and-differences-in-foreign-currency-exchange-rates/#comment-1748 Shifting exchange rates affect the costs of imported and exported goods and services, and hence, the profitability of all kinds of different businesses. That's the short answer. If, all the sudden, the dollar gets weaker, we have to trade more of them to get someone else's currency, and then import oil. So gas'd cost more. If, all the sudden, the dollar gets stronger, the other people have to trade more of their currency to get the same amount of dollars. So it's harder to export, because our stuff is now more expensive to the rest of the world.<a href="http://www.bestpricesuits.com/153"> Judah</a> Shifting exchange rates affect the costs of imported and exported goods and services, and hence, the profitability of all kinds of different businesses.

That’s the short answer.

If, all the sudden, the dollar gets weaker, we have to trade more of them to get someone else’s currency, and then import oil. So gas’d cost more.

If, all the sudden, the dollar gets stronger, the other people have to trade more of their currency to get the same amount of dollars. So it’s harder to export, because our stuff is now more expensive to the rest of the world. Judah

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