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Factors influencing exchange rates
Changes in supply and demand of currency
Factors that change supply and demand of currency
Imports/exports, speculation, relative interest rate, relative inflation rate, FDI, quantitative easing
Speculation
When investors predict changes in a currency’s exchange rate to make a profit (Speculation of future appreciation cause present appreciation)
Quantitative easing
Extreme monetary policy used when central bank wants to grow the economy but can’t decrease the interest rate as it is already very low
Impact of changes in exchange rates
growth/employment, inflation, FDI flow, current account