Category Intra-Africa Transfers

5 Factors Impacting Cross-border Exchange Rates

5 Factors Impacting Cross-border Exchange Rates
International trading and transactions involve dealing with the constantly changing dynamics of cross-border exchange rates. These rates refer to the value conversion of one currency against another and are also known as foreign exchange rates. It is important to note that these rates are highly volatile and fluctuate due to a variety of economic factors such as interest rates, inflation, political instability, or even natural disasters.