You’ll always hear talk of currencies going up or down in value and exchange rates being good or bad, but what events prompt these changes? Scroll down to the handy explainer infographic below to learn more about the factors that cause currency values to rise and fall.
Valued at a gasp-inducing $4 trillion a day, currency exchange trading is one of the most active markets in the world. Traded just like any other commodity, the value of different currencies can rise and fall as a result of many different reasons. These factors are diverse and can range from market speculation to political instability, inflation, and government intervention.
Are you are boggled by the concept of currency trading? Ever wondered why the value of money changes so much on a day-to-day basis? If you are interested in learning more about currency rate fluctuations, be sure to take a look at the infographic guide below from the team at All Finance Tax.