Режими на девизен курс

Abstract

The paper examines the exchange rate and the regime of exchange rate. The exchange rate is very important for national economy. It is the value of a foreign nation’s currency in terms of the home nation’s currency. The structure of the paper will be as follows: The first part describes exchange rate and the influence of exchange rate for the national economy; The second part of the paper is about regime of exchange rate and analyses the fixed and flexible exchange rate. The fixed exchange rate is a type of exchange rate regime wherein a currency’s value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. Floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currency’s value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency; The third part of the paper analyses the exchange rate in Republic of Macedonia.