KLizaldi BA#1.docx - Currency Exchange Business Article#1 The significance of foreign currency exchange rates is that it shows the value of one countrys

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“Currency Exchange” Business Article #1 January 30, 2018 The significance of foreign currency exchange rates is that it shows the value of one country’s money compared to others. It determines the value of foreign investment, which is important to every economy. Just like any other product, supply and demand determine a currency’s value. Fluctuations
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can cause an increase or decrease. The differences in currency rates such, as unstable exchange rates, would discourage investors since they would not be able to accurately predict their future investment returns. The biggest and most important difference is the value that one country’s currency holds. For example, one US Dollar is equivalent to 63.77 Indian Rupee. Converting Dollars into another currency can seem difficult, especially when in a foreign country and there is a language barrier. That is why it is always good to know beforehand the exchange rate value and how to convert dollars to another currency. I experienced his first hand while living in Japan.
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  • Spring '18
  • charles henry
  • United States dollar, dollar, yen, foreign currency exchange

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