Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their ...

PwC forecasts a stable naira in 2026, supported by CBN reforms and improved FX liquidity, but warns that external shocks and ...

Foreign exchange is the largest and most liquid financial market, with nearly $10 trillion changing hands daily. It’s the underpinning for global trade and finance—and its structure is changing as ...

Foreign items are financial checks or drafts drawn on a different institution than where they are deposited. Learn about ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. There are, broadly speaking, two competing theories that help to explain why ...

Bank of Korea Governor Rhee Chang-yong recently reiterated the need to reassess the role of the National Pension Service in addressing persistent high exchange rate issues. In his New Year’s address ...

Amid consistently high geopolitical tensions, a shifting interest rate environment in developed and developing economies, and the increasing threat of tariffs impacting global trade, one thing is sure ...

The fluctuation of foreign exchange rates between your home currency and another where you have exposure can affect your financial performance. Some investment professionals encourage using foreign ...