H2 Economics Only
Foreign exchange, is also known as forex to many and is the exchange of currency of one country to another. Such exchanges are usually influenced by the global market which determines the strength of a particular currency. During examinations, students must understand how the foreign exchange market works and the factors that give rise to a change in value of a particular country’s currency.
Economics Tuition: Explain how the Monetary Authority of Singapore uses the managed-float exchange rate system to regulate the exchange rate
The Monetary Authority of Singapore (MAS) adopts a managed-float exchange rate system, which requires direct government intervention in the foreign exchange market through the direct buying and selling of the Singapore Dollars and foreign currencies. The MAS will set...read more