Tyler Coughlan, Chapter 11, Question #7

I learned a lot more about the exchange rate in this chapter. I already knew that it was the equivalent  amount of goods you can buy in two different places using monetary value. What I didn't know is that when a dollar is strong or weak it can affect companies that have branches in other countries and can affect their sales based on the exchange rate. If a country is going through inflation and it's dollar is worth more people from other countries can make profits on it.  I found the example in the book of the man in 1992 that made a bet against the British pound and became a billionaire in one day to be very interesting and informative that you could make money betting on a currency to lose value. It was interesting to learn in this chapter how a currency could lose value Nd it can affect so many aspects of the international trade and essentially economy.