Why did exchange rates change recently?

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Why did exchange rates change recently?

2006-07-20 08:03:35 · 4 answers · asked by Wu 1 in Business & Finance ➔ Investing

4 answers

Exchange rates always change. And they don't really need a reason to change.

2006-07-20 09:22:11 · answer #1 · answered by NC 7 · 0⤊ 0⤋

Of late there has been a sharp increase in the crude prices and this has a positive impact on dollar demand . This demand translates itself in to a major rally in international forex markets and hence the change.

2006-07-20 15:34:58 · answer #2 · answered by RAJARAM D 1 · 0⤊ 0⤋

Interest rates change constantly adjusting to inflation, economic stability, financial unions, etc.

2006-07-20 15:25:53 · answer #3 · answered by snowdzine 2 · 0⤊ 0⤋

Oil Price "instability" caused by violence in the mideast. Tension in Asia caused by North Korea.

2006-07-20 15:07:24 · answer #4 · answered by ymingy@sbcglobal.net 4 · 0⤊ 0⤋