New answers tagged currency
-1
There could be a few explanations for this. It could be that Rwanda is actually not a quickly developing country and that the currency is slowly depreciating because the country is not doing well. It could also be that Rwanda is doing well, but that the value of the Rwandan franc is dropping because other currencies are doing better. This could be due to a ...
1
It's just a convention:
Currency Pair Quotation Conventions
The base currency in a particular currency pair are often determined
by their importance in relation to other currencies.
For example, the Euro is generally considered the most dominant base
currency, followed by the Pound Sterling, the Australian Dollar and
the New Zealand Dollar. All of these ...
4
I think inflation being higher in Rwanda than in the US is the main reason for Rwandan Frank (RWF) depreciating against USD over the long term. The annual inflation has averaged 5.2% from 2011 through 2020 in Rwanda whereas it has averaged 1.7% in the US during the same period according to the World Bank data. Meanwhile, the average annual increase in USD to ...
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