Understanding Exchange Rates
Exchange rates determine how one currency can be exchanged for another, with some currencies being free floating and others pegged or fixed. Free floating currencies fluctuate constantly based on supply and demand, while pegged currencies, like the Chinese renminbi, are more stable due to market interventions. The shift towards more freely exchanged currencies has occurred globally since the late 20th century, highlighting the dynamic nature of the financial landscape.In this clip
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The Science of Everything Podcast
Episode 65: Money, Inflation, and Interest Rates
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