History please help
posted by Amy .
Could someone explain what does it mean to "stabilize international exchange rates"?
I would really appreciate it if someone wrote a brief explanation, because I just don't understand
Exchange rates can change from moment to moment. They are usually posted so people can keep an eye on them. If they were stabilized they could not fluctuate constantly.
would exchange rates be how much a dollar would be considered in another country?
Exchange rates are different for each different currency. They change hourly.