Philippine currency rates
Today’s Cabuyao, Laguna Uprize article focuses on key factors that affect currency values. What might cause an increase or a decrease in the demand for a nation’s currency? This question is central to success when trading on the currency market using the Uprize Benjamin Formula and Intellitrader tools.
Just as the interest rate on your Cabuyao, Laguna home loan has an effect on your mortgage payment, interest rates are king in the currency world and are at the core of value fluctuations. Because practically every bank in the world is required to have a reserve of currency, they have to borrow from a government-owned central bank to cover this reserve. The central bank charges interest on this money, and the bank, in turn, adjusts their interest rates for their customers.
In the same way Cabuyao, Laguna people seek the best interest rates, traders in the foreign currency market look at the interest rates offered in different countries. High interest rates usually equate to high demand.
However, the stability of the country also needs to be taken into account. Political instability also affects currency values, sometimes even more so than the country’s interest rate, although political upheaval and low interest rates often go hand in hand.
Source: philippine forex
Impact of the European currency moves on Philippine economy: By Salvador Araneta (UE public service series)
Book (University of the East, Dept. of Alumni Affairs and University Publications)
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