*CURRENT EXCHANGE RATES*
*“X-RATES” LINK*
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*SYMBOLS*
($ –> “US dollar”)
(€ –> “euro”)
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‘1’ (euro) = ‘1.278171’ (US dollars)
(as of?)
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*UNSOLVED MYSTERIES*
(in ‘finance’, the ‘exchange rates’ (also known as the ‘foreign-exchange rate’ / ‘forex rate’ / ‘FX rate’) between 2 ‘currencies’ specifies how much 1 ‘currency’ is worth in terms of the other ‘currency’)
“exchange rate disconnect”
«the real exchange rate puzzle» is a common term for two much-discussed anomalies of real exchange rates:
that real exchange rates are more volatile and show more persistence than what most models can account for.
these two anomalies are sometimes referred to as the «PPP puzzle»
observed weak short-term feedback link between exchange rates and the rest of the economy.
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in most economies, the exchange rate is the most important relative price, so it is surprising, and thus far unexplained entirely, that the correlations are not stronger…
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💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
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*🌈✨ *TABLE OF CONTENTS* ✨🌷*
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🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥