042: #DISUNOMICS - EXCHANGE RATES: WHAT THEY ARE & HOW THEY IMPACT US
So give me all of you in exchange for me - Bryson Tiller
Exchanges rates impact us all! We often see fancy charts with green & red arrows with all types of currencies. It's important for us to understand the concept of exchange rates as they have a fundamental role in all our lives.
> What is an exchange rate?
> How is an exchange rate calculated?
> Floating vs Fixed
> The role of central banks
> Imports vs Exports
> How exchange rate impacts our holidays
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