Cryptocurrency Q&A Why do currency exchange rates change?

Why do currency exchange rates change?

Thu Jan 09 2025 | 7 answers 1483
I've noticed that currency exchange rates seem to fluctuate quite often. I'm curious to understand what factors influence these changes and why the rates vary so much. Why do currency exchange rates change?

7 answers

Sat Jan 11 2025
Political and economic events often play a significant role.

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Sat Jan 11 2025
Various factors can influence the demand for a currency.

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Sat Jan 11 2025
These events can cause fluctuations in the value of a currency.

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Sat Jan 11 2025
The amount of travel money you receive can differ depending on the exchange rate.

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Sat Jan 11 2025
One of the primary reasons is the change in interest rates.

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