How does exchange rate affect currency prices?

The global currency landscape is diverse, with various currencies experiencing different levels of value against one another. This variability is influenced by multiple factors, including economic policies, trade balances, and geopolitical events.

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The exchange rate plays a crucial role in determining the pricing of goods and services when transacted in a foreign currency. This phenomenon impacts travelers and businesses alike, as fluctuations can significantly alter the cost of international transactions.

Consider the scenario where the Indonesian rupiah depreciates against the Indian rupee. In such a case, Indonesian citizens planning a vacation in India would find that their local currency has less purchasing power. Consequently, the same holiday would cost more in rupiah terms, reflecting the weakened exchange rate.