Importance and Differences in foreign currency exchange rates?
Posted September 24th, 2009 by admin 1 Comment »
the one 1 asked:
I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?
I am trying to understand the importance of foreign currency exchange rates. Why would economists care that today the dollar converts to x amount of Chinese currency for example? Also why would economist care that today the dollar is stronger or weaker in the same day in different countries such as China, Japan or others?
I am just using those countries as examples, nothing special. I really would like to know.
Thanks in advance