The value of a country’s currency as compared to major international ones is one of the most important determinants of that country’s relative level of economic health. It plays a vital role in that country’s level of trade, which is critical to every free market economy and has a correlation with other macroeconomic indicators. It is therefore among the most watched, analyzed and governmentally manipulated economic indicators. Getting the economic fundamentals right is a prerequisite for a stable currency regime.
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