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How does inflation affect the exchange rate 2024?
Questioner：Ava Patel 2023-05-07 11:14:54
The most authoritative answer in 2024
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Ethan Mitchell——Works at the International Labour Organization, Lives in Geneva, Switzerland.
Therefore, higher interest rates attract foreign capital and cause the exchange rate to rise. The impact of higher interest rates is mitigated, however, if inflation in the country is much higher than in others, or if additional factors serve to drive the currency down.read more >>+119962023-05-16 11:14:54
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