Answer to Question #240791 in Macroeconomics for Bianca

Question #240791
Effects a high exchange rate could have on business prospects?
1
Expert's answer
2021-09-23T12:07:14-0400


A high exchange rate  leads to a higher-valued currency making a country's imports less expensive and its exports more expensive in foreign market. Therefore a high exchange rate worsens a country's balance of trade. Domestic companies therefore benefit from this as a result of increased sales, profits and jobs.


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