Turkey Currency TRY to PKR
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Turkey Currency TRY to PKR
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Main Factors Affecting Currency Exchange Rates
The value of the currency in the country where it is in circulation, in particular, is the cost of a loan that is taken in a given monetary unit (interest rate).
The state of the economy of the country in which the currency is in circulation: indicators of GDP (gross domestic product), GNP (gross national product), the state of the trade balance, inflation and unemployment. So, the higher the inflation and the higher the unemployment rate, the lower the exchange rate of the currency of this country is set in relation to others.
The movement of capital. A large demand for foreign currency in a particular country increases its value relative to the national one and vice versa.
The activities of large financial funds that have significant capital at their disposal and are able to influence the ratio of monetary units to each other.
The activities of national banks of states that have all the necessary powers to equalize the exchange rate of the monetary unit of their state or keep it at the desired level (foreign currency is actively bought up or, on the contrary, put into circulation).
Trust in a particular currency in the world market and the solvency of the country in which this currency is in use.
The level of development of the shadow currency market, etc.
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