{"id":10977,"date":"2018-05-11T02:43:35","date_gmt":"2018-05-11T02:43:35","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/?post_type=chapter&#038;p=10977"},"modified":"2024-04-26T17:34:37","modified_gmt":"2024-04-26T17:34:37","slug":"introduction-to-exchange-rates-and-purchasing-power","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/chapter\/introduction-to-exchange-rates-and-purchasing-power\/","title":{"raw":"Introduction to Exchange Rates and Purchasing Power","rendered":"Introduction to Exchange Rates and Purchasing Power"},"content":{"raw":"<h2>What you'll learn to do: analyze how supply and demand affects currencies and exchange rates<\/h2>\r\n<img class=\"aligncenter wp-image-10978 \" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2018\/05\/11023609\/800px-Exchange_Money_Conversion_to_Foreign_Currency.jpg\" alt=\"Money from various countries in a pile.\" width=\"544\" height=\"305\" \/>\r\n\r\nHave you ever considered traveling abroad to a country where you can get more bank for your buck? Maybe you could stock up on clothes, movies, or just enjoy paying less for food? Why do you think that happens? In this section, you'll learn about how variations in supply and demand between foreign currencies affect the purchasing power of your money.","rendered":"<h2>What you&#8217;ll learn to do: analyze how supply and demand affects currencies and exchange rates<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-10978\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2018\/05\/11023609\/800px-Exchange_Money_Conversion_to_Foreign_Currency.jpg\" alt=\"Money from various countries in a pile.\" width=\"544\" height=\"305\" \/><\/p>\n<p>Have you ever considered traveling abroad to a country where you can get more bank for your buck? Maybe you could stock up on clothes, movies, or just enjoy paying less for food? Why do you think that happens? In this section, you&#8217;ll learn about how variations in supply and demand between foreign currencies affect the purchasing power of your money.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-10977\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Exchange Rates and Purchasing Power. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Exchange Money Conversion to Foreign Currency. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Exchange_Money_Conversion_to_Foreign_Currency.jpg\">https:\/\/commons.wikimedia.org\/wiki\/File:Exchange_Money_Conversion_to_Foreign_Currency.jpg<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":29,"menu_order":5,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Exchange Rates and Purchasing Power\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Exchange Money Conversion to Foreign Currency\",\"author\":\"\",\"organization\":\"\",\"url\":\"https:\/\/commons.wikimedia.org\/wiki\/File:Exchange_Money_Conversion_to_Foreign_Currency.jpg\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"65547f00-7c61-4b4e-b5de-76b6eae0488c","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-10977","chapter","type-chapter","status-publish","hentry"],"part":10055,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":3,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10977\/revisions"}],"predecessor-version":[{"id":13063,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10977\/revisions\/13063"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/10055"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10977\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=10977"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=10977"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=10977"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/license?post=10977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}