Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: - Explain how exchange rates work - Discuss currency appreciation and depreciation and how it impacts the price of imported and exported goods - Practice calculating currency conversion at a given exchange rate - Define foreign exchange demand - Explain the factors that contribute to the inverse relationship between exchange rates and currency demanded - Define foreign exchange supply - Explain the factors that contribute to the positive relationship between exchange rates and currency supplied - Identify the 4 components of foreign exchange supply and demand - Use graphs to analyze how a change in currency demand will impact exchange rates - Use graphs to analyze how a change in currency supply will impact exchange rates Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video: https://www.teacherspayteachers.com/Product/The-Foreign-Exchange-Market-Activity-3773434 Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram -- http://www.instagram.com/youwillloveh... Facebook -- http://www.facebook.com/youwilllovehi... Subscribe to our YouTube Channel: https://www.youtube.com/youwillloveeconomics Check out our website for teaching tips and insight from us: https://sites.google.com/view/you-wil...