Explain why there is a rise in demand for foreign exchange when its price falls.

Question

Explain why there is a rise in demand for foreign exchange when its price falls.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

When price of foreign currency falls it makes imports cheaper. This leads to rise in demand for imports. As a result, demand for foreign exchange rises.

4 views Answered 2023-02-05 15:29