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A relatively stable exchange rate also enhances a reserve currency's economic attractiveness.
Eating in Taipei is not only delicious but affordable, thanks to the relatively stable exchange rate.
In countries prone to high inflation, a stable exchange rate helps to anchor prices.
He pointed to a stable exchange rate and increasing assets in the formal financial system as supporting his perspective.
But his raw material is imported, so a weaker zloty only reminds him that having a stable exchange rate would provide more predictable costs.
Like any fixed exchange-rate system, a currency board offers the prospect of a stable exchange rate, which can promote both trade and investment.
Similar(25)
They have probably been helped by more stable exchange rates.
The framers of the new Bretton Woods monetary regime hoped to promote world trade, investment, and economic growth by maintaining convertible currencies at stable exchange rates.
With notably rare exceptions (2008, for example), the global "invisible hand" has created relatively stable exchange rates, interest rates, prices, and wage rates.
As a result, what American firms now assemble in East Asia, they can import back to the United States at low and stable exchange rates.
Remember the trilemma: countries cannot simultaneously enjoy 1) stable exchange rates, 2) an independent monetary policy and 3) free capital flows.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com