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7 Cards in this Set
- Front
- Back
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Exchange Rate |
Price of one currency in terms of another |
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What factors affect a currency |
Interest rates Currency speculators Demand for exports Demand for imports for |
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Foreign exchange market |
Market where foreign currencies can be bought and sold |
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Appreciation |
Where the value of a currency rises owing to market forces, exchange rates increase |
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Revalued |
Government fixes a new higher exchange rate |
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Depreciation |
Where the value of a currency falls owing to market forces, exchange rate falls |
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Devalued |
Govt fixes a new lower exchange rate |
