Impact of Exchange Rates on Imports and Exports

Impact of Exchange Rates on Imports and Exports

Introduction

Exchange rate is the rate at which two different currencies are being exchanged from one another. While measuring the exchange rate among two currencies, it is important to analyze whether the exchange rate of one's currency is higher than the other, or is it lower (Aziz & Bakar, 2011). If the exchange rate is lower, than the relative value of that particular currency is also considered to be lower.

This paper will discuss the impact of exchange rate on the global business environment and its processes. It will ...