How does a country’s currency devalue

Question

How does a country’s currency devalue

In: 2

Answer 1

Supply and demand. If less people want dollars and they want euros instead and they are willing to trade more dollars per euro than before, then the relative value of dollars goes down.

Answer 2

Supply and demand. If less people want dollars and they want euros instead and they are willing to trade more dollars per euro than before, then the relative value of dollars goes down.