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Qaagi - Book of Why

Causes

Effects

Macroeconomic factorsinfluenceexchange rate fluctuations in exchange rates

even medium sized transactionscan causefluctuations in the exchange rates

Balance of payments of a countryalso causesfluctuations in the exchange rates

due to wealth and substitution effects(passive) can also be causedFluctuations in the real exchange rates

First , the yuan appearsto be influencingexchange - rate fluctuations around the world

In the fall , business activity is restored after summerprovokes" exchange rate fluctuations in the market

buying marketto preventfluctuations in the exchange rates

First , Chinese renminbi seemsto causeexchange rate fluctuations around the world

gains and losses(passive) caused bygains and losses

fluctuations in the price of our products in foreign markets or cause fluctuations in the cost of certain raw materials purchased by uscould causefluctuations in the price of our products in foreign markets or cause fluctuations in the cost of certain raw materials purchased by us

significant losses(passive) caused bysignificant losses

in significant cost swingsresultin significant cost swings

national currencies(passive) to be strongly influenced bynational currencies

the cardcreatethe card

vast differences in product pricescan causevast differences in product prices

cost uncertainty(passive) caused bycost uncertainty

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