Under fixed exchange rates, when a foreign central bank devalues its currency it

Name: Under fixed exchange rates, when a foreign central bank devalues its currency it
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Under fixed exchange rates, a devaluation of a foreign currency means that the foreign central bank is lowering the value of its currency relative to the dollar. This means that it will take more of the foreign currency to buy one dollar, which is equivalent to lowering the dollar price of the foreign currency.

Under Fixed Exchange Rates, When a Foreign Central Bank Devalues