Explain how a rise in currency value would affect a country's ability to import and export goods.

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Social Studies

Werner

8 June, 14:10

Explain how a rise in currency value would affect a country's ability to import and export goods.

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Robert · Answer 1

If a country experiences a rise in value, it will trade at a higher exchange rate. This rise in value will cause the prices of exports to increase, so other countries may be less willing to buy these goods. At the same time, the rise in value will make it easier and cheaper to import goods.

at least that is what is on edguenity.