how do you know....that you know? ....see Webnote 94 in Study Skills!
Syllabus 4.5
Exchange Rates
VID 1: ​ERM Before STG Exit
VID 2: ERM After STG Exit
​Supply + Demand of a currency: Euro drops by 10 % in valus against US$
4.5 - Exchange Rates Dictionary

  1. adjustable peg exchange rate system
  2. capital inflow + interest rates
  3. currency appreciation
  4. currency depreciation
  5. currency devaluation
  6. currency revaluation
  7. currency speculation
  8. ‘dirty float’
  9. exchange rate
  10. exchange rates + inflation
  11. external balance
  12. fixed exchange rate
  13. floating exchange rate
  14. foreign currency reserves
  15. intervention buying/selling of a currency
  16. managed exchange rate
  17. trade flow
HL ONLY

  1. monetary integration
  2. purchasing power parity
  3. single currency area
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