When COVID-19 and its travel bans are finally in the history books, millions of Americans will dust off their suitcases, dig out their passports and book a flight to anywhere. When they get there, ...

Learn how floating exchange rates work, driven by forex market supply and demand, and compare with fixed rates to grasp their impact on global economies.

Interest rates play a critical role in shaping the values of different currencies. Central banks worldwide utilize interest rates as a monetary policy tool to manage their economies, making it ...

International remittance is very important in connecting people and businesses across borders. It is through international remittance platforms that transacting across cross border remittance is ...

Learn about foreign exchange risk, its types, and effective hedging strategies. Discover how investors and businesses manage currency fluctuations to minimize loss.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Growing remittance flows to emerging and developing economies may lead to real exchange rate appreciation and weaken their ...

Have you ever been about to buy something from an online store based in another country or planned a trip overseas and wondered how much your money would be worth there? As our world keeps shrinking, ...

An exchange rate is the price of one currency expressed in another. If you see GBP/EUR = 1.1700, it means £1 buys €1.17. Flip the pair and you get EUR/GBP, which tells you how many pounds one euro ...