The Exchange Rate as a Price
The Exchange Rate as a Price

An exchange rate is the price of one currency measured in another currency. Under a floating exchange-rate system, this price is determined by the demand for and supply of the currency.
Step-by-step lessons on CIE Intl A Level Economics 6.4.4 causes of changes in a floating exchange rate: demand and supply of the currency. Each one builds up to exam-style questions.