A strong home currency can harm exports; exporters typically benefit from a weaker home country currency.

Question

Quizplus · Accepted Answer

When a country's currency is strong, it makes its exports more expensive for other countries to buy, which can harm the sales of its exporters. Conversely, when a country's currency is weaker, its exports become cheaper for other countries to purchase, boosting demand for its exports and benefiting exporters.

A Strong Home Currency Can Harm Exports; Exporters Typically Benefit