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Reasons for devaluation exchange rate of currency

Gold Prices & Exchange Rate

The most important factors affecting the exchange rate of the local currency against other currencies can be explained through the following points:

1. Increase export volume.
2. Reduce import volume.
3. Improve the trade balance and thus improve the balance of payments.
4. Link to a monetary bloc.
5. Find the realistic relationship of the national currency with foreign currencies.
6. Activate the export sectors.

Factors affecting the gold prices

We find that gold prices are affected by many factors that lead to the rise or rise of the price of gold, the most important of which are the following:

1. Dollar price.
2. Economic and political crises.
3. Inflation rates.
4. Interest rates.
5. Oil prices.
6. Investor optimism and pessimism.
7. Risk and uncertainty.
8. Policies pursued by the United States of America.

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