Your English writing platform
Discover LudwigSuggestions(1)
Exact(1)
Stronger currencies would lower the cost in local currency terms of importing oil and other goods.
Similar(59)
The decreased supply of foreign currency (from the sale of fewer exports) plus the increased demand for foreign currency (to pay for imports) would tend to raise the price of foreign currency in terms of domestic currency.
(2) Export price and import price are measured in terms of domestic currency terms.
(mathcal {E}_{t}) is the exchange rate which is defined as the price of the foreign currency in terms of home currency units.
where e t corresponds to the (log) exchange rate defined as the price of the foreign currency in terms of home currency units and △et+1 to the change in it.
A study by the Federal Reserve Bank of New York calculates that a 10% rise in the yuan against the dollar would result in a loss in local currency terms equal to 3% of China's GDP; Singapore's equivalent loss would be as much as 10% of GDP.There have been rumours that Asian central banks are starting to diversify their reserves.
But Arsa's market price has remained stuck at around $1.16, while the Mexican Bolsa Index is up 50% in local currency terms since the start of the year.
The average drop is 57% in local currency terms, compared with a decline of 15.9% in the MSCI index of small-cap stocks.
An exchange rate is the price of one currency in terms of another.
Under the gold standard, each country set the value of its currency in terms of gold and took monetary actions to defend the fixed price.
But it turns out that there is a difference: Bitcoin, rather than fixing the value of the virtual currency in terms of those green pieces of paper, fixes the total quantity of cybercurrency instead, and lets its dollar value float.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com