![]() ![]() Amount of business interest or growth in a market. 1 lbs 0.45359237 kg 1 kg 2.2046226218 lbs.Concerns about the safety/health of the country's market (which is why a war-torn country has a low-value currency).X Research source Other things that affect currency include: A high demand for a currency usually means that currency increases value. Meanwhile, the US market, which spent pounds to get dollars, sees the USD decrease in value, since more of the wealth is in Dollars, giving them less demand. There are fewer pounds now, so the value of each pound goes up. ![]() This means that pounds are flowing out of England and being converted to other money, making the pounds left in England a more valuable good that the US has demand for. In order to buy their goods, the US store must purchase the goods with pounds, then sell them for US dollar. Image a firm in London wants to sell to the US stores. This is because currency, like anything else, is a tradable good. Know that currency rates fluctuate based on global demand for that currency. ![]()
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