Wednesday, November 19, 2014
Amelia Vayda, Chapter 11, Question 6
In chapter 11 of Naked Economics, Wheelan discusses the currency rate and how it fluctuates due to the value of the actual currency and the economy. While reading the chapter I found it very interesting that currency rates between countries can change if the value of the currency is weaker and stronger. I also learned that if the economy is in a recession then the currency rates change as well. I never realized that currency rates change. I always thought that it was a simple equation and that a one dollar bill always equals a number that never changes for each currency. Now that I now that currency rates can change I will pay attention to what the rate is before I go on an international trip.
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