What happens when a country's currency appreciates 2024?
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Studied at the University of British Columbia, Lives in Vancouver, Canada.
Imports cheaper: When a currency appreciates or strengthens in relation to other currencies, imports get cheaper. This means your dollar will buy more of another foreign currency so that you can purchase foreign goods. ... Lower inflation: When the exchange rate for a currency strengthens, it makes imports cheaper.
2023-04-25 17:06:06
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Isabella Harris
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Imports cheaper: When a currency appreciates or strengthens in relation to other currencies, imports get cheaper. This means your dollar will buy more of another foreign currency so that you can purchase foreign goods. ... Lower inflation: When the exchange rate for a currency strengthens, it makes imports cheaper.