Factors affecting value of Currency

Factors affecting the value of a currency encompass economic stability, interest rates, inflation rates, trade balances, and political stability. These elements shape market perceptions and investor confidence, influencing supply and demand dynamics in foreign exchange markets. Geopolitical events and government policies also play pivotal roles in determining a currency’s strength or weakness against others on the global stage.

Source: https://www.thenumberstory.com/p/factors-affecting-value-of-currency