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List three effects of a strong currency?
in Tourism by Diamond (58,513 points) | 12 views

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Effects of a strong currency are:

  • Imports become cheaper for the countries with strong currencies.
  • Imported products and services, especially fuel, become more affordable.
  • Exports become more expensive. Countries with strong currencies will export less as the demand will decrease.
  • Domestic manufacturing will decrease as there is less demand from both the domestic and foreign markets.
  • Fewer foreign tourists will be able to afford to visit countries with strong currencies as it will decrease their purchasing power.
  • Purchasing power strengthens for people in countries with strong currencies.
  • A strong currency has a positive effect for people planning to travel to areas with a weak currency. 
by Diamond (58,513 points)

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