The change in exchange rates will have an important impact on the international income and expenditure of one country, the domestic economic and international economic relations.Generally speaking, countries with exchange rate changes have a greater impact on countries with open economy, higher degree of foreign dependence, and loose foreign exchange control. Countries with strict foreign exchange control and low degree of dependence have a small impact.This article, LTG GoldRock, will share with you the impact of exchange rate changes on international economic relations ~
The impact of exchange rate changes on international economic relations is mainly the impact of exchange rate changes in developed countries on international economic relations.
The violent changes in the exchange rate have deepened the contradiction between developed countries and developing countries.
Most of the exports of oil and primary products in developing countries are priced in the US dollar. Developing countries have weak ability to cope with international economic changes.The changes in exchange rates, especially the significant rise or decline of the exchange rate of the US dollar, have a great impact on the economic economy of developing countries.
After the Second World War, the two depreciations of the US dollar have caused the foreign exchange income of primary products to produce foreign exchange income, and their US dollar debt, because of the gold preservation clauses, did not reduce at all. As for other non -US dollar debts, some ones, some onesRelatively aggravated.In addition, when the US dollar depreciates, foreign exchange reserves of the US dollar pricing country will also suffer losses.
The changes in exchange rates have exacerbated the contradiction between developed countries, prompting the strengthening of regional economic groups and the development of the US dollar hegemony, and further stimulated the trade war and currency war between the United States, Japan, and Europe.At the same time, the instability of the world's major currency exchange rates has also brought a huge adverse effect on the international reserve system and the international financial system.
