Why do currency exchange rates change every day?
Ill use the term “economy” instead of “country” We see an economy improving and deproving as time goes by. We may not realise it instantly but we come to know of it when the authorities indicate it. In 2000, Microsoft launched Windows XP, and now we see Windows Vista in Markets 6 years later. Does this mean thatit took Microsoft 6 years to improve its company. The answer is no, after Xp launched, every day people went into markets andd bought the software, and hence Microsoft retreived great amounts of revenue in short amount of time. We dint see it instantly but we realised it 6 years later. This was just an example of a short scale business firm. An economy is based on large scale. If In Australia, new companies are built then then the GDP. gross domestice product will increase, which will cause the currency of Australia to raise in behalf of other economy’s If the currency of an economy raises then the currency of the other economy decrease and hence we find ourselves on the way to
