If a new country were to be admitted into the WTO, would its currency rise?

Answer 1

Usually, yes. By joining such a stable organization, the country's stability should rise and its currency should become stronger. Such a rise should lessen over time though because most of those countries have raw material and unskilled labor markets rather than refined goods and services markets.

Answer 2

Not necessarily. It depends on whether other markets feel that the move will benefit from the admission,through trade etc.