Understanding Exchange Rates and Currency Markets
Student Worksheet
When the Swiss National Bank wanted to stop the franc from climbing past 1.20 per euro, it defended that ceiling by buying euros on a massive scale, a strategy the reading notes drains reserves if kept up too long. Safe haven currencies such as the dollar, the franc, and the yen tend to strengthen during global turmoil for the same reason, since political stability attracts capital instead of driving it away.
Where should I send the next one?
Everything here is free and it stays that way. Leave your email and I'll send you the new lessons as they go up. You can unsubscribe from any one of them.
Did this save you a prep period? You can chip in toward my three kids' daycare fund. Everything on this site stays free either way.