What does it mean when an economist says that a currency has become stronger?

1 answer

Answer

1013781

2026-01-22 04:30

+ Follow

When an economist says that a currency has become stronger, it means that the currency has increased in value relative to other currencies. This often leads to a higher exchange rate, making imports cheaper and exports more expensive for foreign buyers. A stronger currency can indicate a robust economy but may also negatively impact exporters by making their goods less competitive abroad. Overall, it reflects changes in supply and demand for the currency in global markets.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.