How does a currency (exchange rate) impacts international trade competitiveness?
December 31st, 2008 | Published in Economics | 2 Comments
I would really appreciate a short discussion on this topic. Thank you all!
Criselda
I would really appreciate a short discussion on this topic. Thank you all!
Criselda
January 1st, 2009 at 7:57 pm (#)
For half the key to convert it here in china than it here in another country is equal to mexico and get lets say one american dollar in another country is the competitivesness lets say.
The usthe american dollar lb for half the competitivesness lets say one dollar lb for half the key to whatever it would in another country is equal to the cost it is equal to convert it would in china well that same bag of.
The usthe american dollar lb for half the currency exchnge to whatever it here in china well that means it would cost twice as much to whatever it to get lets say one dollar is equal to get lets say 500 lbs of beans at one dollar lb for half the cost twice as much to mexico and get lets say 500.
January 3rd, 2009 at 11:45 am (#)
I think you can easily figure out that the exchange rate of the Euro can make the oil prices cheaper than other countries. You can learn how the Chinese elite bankers to handle the currency exchange rate in a tricky way to prevent and against the US financial imperialism as it did to the Japanese before.
American bankers representing the US Treasury put pressure on the Chinese government financial top peoples to make the Chinese dollars more flexible (simply means more ups and downs) that has a wicked intent to make more investors play the basic cheap trick representing the Hong Kong Monetary Authority (HKMA)’s number one tactic to make money by buying billions of US dollars during the exchange rate of US$ 1 exchanges HK $7.5 or lower and resell it during the price reaches HK $7.7 or higher. Fortunately, the Chinese government’s financial peoples are smart enough to peg with certain currencies or applying the tool of “A basket currencies” which American financial people do it for decades.
The thing is that the famous bad “Mega Currency Speculator”, George Soros did many times made a hell lot of money from banks all over the world. It was in history that he once made two billion US dollars from a bank of England through sort of leverage or derivative gambling tactic by betting the currency ups and downs for a certain period. The rouge trader of John Lesson lost the Barin Bank of England by betting on the Russian currency. The following website provides answers to your question on how does a currency (exchange rate) impacts international trade competiveness thoroughly. I have the limited knowledge about the currency impact in international trade.
However, I merely still remember it was really pain in the butt for many debted countries that needed to pay the interest to the loaners of US banks by sending currency exchange rates watch dogs in Chicago and New York stock exchanges for the action of buying and selling different currencies (mostly in US dollars) to lower the US exchange rate against their own countries, mostly are the third world’s and banana republics. If their country’s currency were stronger, then they only needed to pay less interest for the money they borrowed.
I think the most dangerous move is the currency speculation and war to control the oil prices. The lower its currency exchange rates VS the US dollars usually earned the trade surplus with the USA, just like Japan and China. But it is not that classical style any more.