Stronger or Weaker Currency: Effects on Trade
Students will explore the basic effects of a country's currency becoming stronger or weaker on its exports, imports, and the prices of goods.
About This Topic
Students will explore the basic effects of a country's currency becoming stronger or weaker on its exports, imports, and the prices of goods.
Key Questions
- If the Singapore dollar gets stronger, what happens to the price of Singaporean goods for foreign buyers?
- If the Singapore dollar gets weaker, what happens to the price of imported goods in Singapore?
- How do these changes affect businesses that buy and sell internationally?
Active Learning Ideas
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