E3S Web Conf.
Volume 214, 20202020 International Conference on Energy Big Data and Low-carbon Development Management (EBLDM 2020)
|Number of page(s)||4|
|Section||Digital Development and Environmental Management of Energy Supply Chain|
|Published online||07 December 2020|
The Influence and Impact of the Exchange Rate on the Economy
Faculty of Business, University of Nottingham Ningbo, Xi’an, Shannxi, 710068, China
This paper analyzes the influence and impact on the exchange rate from several aspects. Firstly, the primary factors influenced by the exchange rate, export, the prices and costs are introduced in this paper. Productivity refers to the increase because the local currency strengthens. Then, it indicates that the exchange rate affects productivity. The last part about influential factors is the effect on the number of tourists. After analyzing the impact of the exchange rate, some suggestions about exchange rate policies are put forward. The exchange rate is an essential element, and it requires to attach importance to both the logical operation and the appropriate use of policy.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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