The value of money

The Week - Junior - - Home News -

Cur­rency is the word used to de­scribe the money used by dif­fer­ent coun­tries. Traders around the world buy and sell large amounts of cur­rency. If they think that a coun­try is sta­ble, they are likely to buy more of its cur­rency. If there is a lot of de­mand for a cur­rency, the value goes up. When a coun­try is go­ing through a pe­riod of change, like the UK vot­ing to leave the EU, it might be con­sid­ered less sta­ble, so fewer traders will buy its cur­rency. This causes the value of its cur­rency to go down.

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