Key concepts around Exchange rates in relation to Level 2 economics external, 21224, Analyse Economic Growth Using Economic Concepts and Models
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Created by Dani Young
about 3 years ago
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Close
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Created by Dani Young
about 3 years ago
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Definition of Exchange Rate (NZ$)
To convert overseas currency to (NZ$)...
To convert a NZ price to another currency,
If the exchange rate appreciates, will NZ importers and travellers be better off?
If the exchange rate depreciates, will importers and NZ travellers be better off?
If the exchange rate appreciates, will NZ exporters and overseas travellers be better off?
If the exchange rate depreciates, will exporters and overseas travellers be better off?
