Question
Find the currency of your home country ( saudi ryals ) and describe its value relative to the USD. Is it under or over-valued compared
Find the currency of your home country (saudi ryals) and describe its value relative to the USD. Is it under or over-valued compared to the USD? What problems or benefits do you think this relationship might cause for your country? Why?
What problems or benefits do you think this relationship might cause for the US?
Governments often intervene (manipulate) in foreign exchange markets to give their currency a more favorable rate. Do some research on the web to see what intervention has occurred or has been discussed lately regarding your country's currency.
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