What is an exchange rate?
Expressing exchange rates
Appreciation and depreciation
Appreciation
Depreciation
Effects of appreciation and depreciation
Currency conversions
Converting prices
Worked example: comparing prices across countries
Nominal vs. real exchange rates
Purchasing power parity (PPP)
Key vocabulary
AP Exam Tips
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Common Mistakes
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Unit 6 topics
Unit 6 overview6.1Balance of Payments Accounts6.10Economic Integration and Trade Agreements6.2Exchange Rates6.3The Foreign Exchange Market6.4Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market6.5Changes in the Foreign Exchange Market and Net Exports6.6Real Interest Rates and International Capital Flows6.7The Effect of Trade Policies6.8Fiscal and Monetary Policies in Open Economies6.9Exchange Rate Regimes