A Descriptive Study on the Impact of Currency Manipulation upon the Competitive Advantage over International Trade, With Respect To Conditions in South Korea

Abstract

Studies related to currencies round the world, always shows a negative aspect on fall in value of currency. Devaluation of currency is the official lowering of value of currency related to another currency or group of currencies. Currency manipulation of currency is a rising foreign exchange risk faced by major players in international market. Federal Reserve Bank of New York has identified currency manipulation of currency by international trade player China. Currency devaluation has a significant effect on foreign exchange transaction and has an impact on trade between the countries. Currency devaluation targets advantages of cost upon import and export of goods and services between the countries. Study focused on a close watch on the factors considered by nations on devaluation of currency and significant impact on import and export transactions of nations.