£78.38

Exchange Rates: Dynamics, Expectations and Adjustment

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Price History & Forecast

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Last 619 days • 619 data points (No recent data available)

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£88.45 £44.81 £54.33 £63.85 £73.38 £82.90 £92.42 09 June 2024 10 November 2024 14 April 2025 15 September 2025 17 February 2026

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17 days 55 days 46 days 201 days · current 300 days 0 75 150 225 300 £49-57 £57-65 £65-73 £73-81 £81-88 Days at Price

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Most common range: £81-88 (300 days, 48.5%)

Price range: £49 - £88

Price levels: 5 price ranges over 619 days

Description

An exchange rate is the current market price for which one currency can be exchanged for another. The spot exchange rate refers to the current exchange rate whereas the forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. Exchange rates vary because of changes in the relative demand for different countries' goods and services and because national monetary and fiscal policies are inconsistent with each other. Differences in tax rates and in interest rates cause capital flows which affect a country's balance of payments and, consequently, its exchange rate. An overvalued exchange rate leads to a current account balance of payments deficit and bearish speculative capital movements; an undervalued exchange rate creates a current account surplus and an influx of capital. Volatile exchange rates and volatile interest rates coincide. This book examines important issues in the field.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
10 September 2008
Listed Since
04 January 2008

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