oussama94
05-28-2017, 19:33
Ultimately, the exchange rates of the world evolved into a free market,
whereby supply and demand were the sole criteria that determined
the value of a currency. While this did and still does result in a number of
currency crises and greater volatility between currencies, it also allowed
the market to become self-regulating, and thus the market could dictate
the appropriate value of a currency without any hindrances.
whereby supply and demand were the sole criteria that determined
the value of a currency. While this did and still does result in a number of
currency crises and greater volatility between currencies, it also allowed
the market to become self-regulating, and thus the market could dictate
the appropriate value of a currency without any hindrances.