Define the 5 causes and 5 effects of exchange rates in the economy and give a real-life example for each in the context of the Philippines..

Causes:

1. Interest rate
2. Inflation Rates
3. Trade Balances
4. Speculation
5. Political Stability and Economic Performance

Effects:

1. Import and Export Competitiveness
2. Inflation
3. Foreign Investment
4. Domestic Economic Growth
5. Balance of Payments