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| The [[:en:exchange-rate|exchange rate]] has an influence in the real economy through various channels. It affect exports and imports, prices, capital flows and investment. | The [[:en:exchange-rate|exchange rate]] has an influence in the real economy through various channels. It affect exports and imports, prices, capital flows and investment. | ||
| - | Evolution of the EURUSD exchange rate | ||
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| - | {{:en:eurusd.png?nolink&}} | ||
| ===== Fluctuations of the Nominal Exchange Rate ===== | ===== Fluctuations of the Nominal Exchange Rate ===== | ||