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The value of a currency, like any other asset, is determined by supply and demand. An increase in demand for a particular currency will increase the value of the currency, while an increase in supply will decrease the currency's value. The exchange rate is the value of one country's currency in relation to another.

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When a country's currency appreciates in relation to foreign currencies, foreign goods become cheaper in the domestic market and there is overall downward pressure on domestic prices. In contrast, the prices of domestic goods paid by foreigners go up, which tends to decrease foreign demand for domestic products.

The exchange rate can be quoted directly or indirectly. The quote is direct when the price of one unit of foreign currency is expressed in terms of the domestic currency. The quote is indirect when the price of one unit of domestic currency is expressed in terms of Foreign currency.

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How to increase the value of a currency Sell foreign exchange assets, purchase own currency. Raise interest rates (attract hot money flows. Reduce inflation (make exports more competitive. Supply-side policies to increase long-term competitiveness.

As a general rule, the higher the interest rate, the more valuable a country's currency is likely to be. This appreciation in the exchange rate is caused by a growth in demand for that particular currency, as higher interest rates will attract more foreign investment.