Finance ABC

Welcome back to Finance ABC. I’m your host, Emma Lai, and today we’re diving into a topic that affects all of us in ways we may not even realize: exchange rates and how they’re determined. If you’ve ever traveled abroad, you’ve likely exchanged your home currency for foreign cash and noticed that the amount you get can vary. But beyond travel, exchange rates play a massive role in the global economy, influencing everything from the price of goods we buy to the value of our investments and even the stability of national economies.