Re:British pound hits record low against the dollar
by lottin on Tuesday September 27, 2022 @12:25AM
(#32991543)
Yeah, which is baffling. It's not possible to invest in decreasing your foreign currency price. Price is an exogenous variable in a competitive market. You can invest in the production process so that production becomes more cost-effective and this allows you to lower prices, but that has nothing to do with devaluations, and certainly is not the mechanism through which exports prices fall when a currency depreciates.
[ Parent
| on HN ]
There are no comments on this comment yet.