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Name three effects of a weak currency?
in Tourism by Diamond (58,513 points) | 13 views

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Effects of a weak currency are:

  • A weak currency is good for nations that have more exports than imports because their exports will become cheaper for foreign buyers.
  • A weak currency will stimulate manufacturing and export to areas with stronger currency.
  • There will be an increase in manufacturing and job creation if the demand for exports increases.
  • More foreign tourists will be able to afford to visit countries with weak currencies as it will increase their purchasing power.
  • Imports become more expensive for the countries with weak currencies.
  • Higher prices of foreign products increase the cost of living in countries with weak currencies.
  • Purchasing power weakens for people in countries with weak currencies.
  • A weak currency has a negative effect for people planning to travel to areas with a strong currency. 
by Diamond (58,513 points)

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