“How to use exchange rate fluctuations”, Vasyl Yurchyshyn (Razumkov Centre, Ukraine)

Now, as the US dollar rises against almost all currencies, the scenarios of economies of many countries falling into depression are multiplying, due to inflation growth, world trade decline, capital flight, growing debt imbalances, etc.

No country in the world is immune to possible “negative” pressure on its national currency. If every significant weakening of a national currency were destructive for the national or global finances and economy, there would be no global development at all. In reality, the governments of “successful” countries are always trying to take advantage of the unfolding situation – not through countering the currency pressure but using exchange rate fluctuations to promote business activity and maintain the living standards.

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