Dark30
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I did a little research online, and I didn't say that the Maidan protests were to blame or that manual control wasn't a factor; rather, a combination of factors leads us to the saying: "we have what we have."
What influences the exchange rate?
Like any price, the exchange rate tends to deviate from its value base, which is influenced by supply and demand, which in turn depend on many factors. The exchange rate is linked to a large number of economic categories: price, value, money, balance of payments, and others. All factors are very closely related, and it is impossible to single out any dominant one. The main ones are:
Inflation rate
Balance of payments
Difference in interest rates in different countries
Functioning of foreign exchange markets and conducting speculative foreign exchange operations
Level of confidence in the national currency in the domestic and foreign markets
Currency policy
National income
Conjunctural factors
So, I wouldn't be so categorical and say that only one person on the forum understands currency fluctuations, and the rest are clueless.)
As for imports and exports, Google is your friend; I didn't exaggerate, but rather understated the figures. In 2013, imports exceeded exports, and I don't think I need to explain what follows from this to such an expert (absolutely without sarcasm, because it's clear that you understand).
What influences the exchange rate?
Like any price, the exchange rate tends to deviate from its value base, which is influenced by supply and demand, which in turn depend on many factors. The exchange rate is linked to a large number of economic categories: price, value, money, balance of payments, and others. All factors are very closely related, and it is impossible to single out any dominant one. The main ones are:
Inflation rate
Balance of payments
Difference in interest rates in different countries
Functioning of foreign exchange markets and conducting speculative foreign exchange operations
Level of confidence in the national currency in the domestic and foreign markets
Currency policy
National income
Conjunctural factors
So, I wouldn't be so categorical and say that only one person on the forum understands currency fluctuations, and the rest are clueless.)
As for imports and exports, Google is your friend; I didn't exaggerate, but rather understated the figures. In 2013, imports exceeded exports, and I don't think I need to explain what follows from this to such an expert (absolutely without sarcasm, because it's clear that you understand).