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In the last 5 years, has the value of the French currency risen or declined?
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- France does not have an independent currency; it uses the Euro shared by 20 other Eurozone members.
- The economy of France is closely tied to those of other European Union member states.
- Currency fluctuations do not necessarily reflect economic loss or gain
Here are a few things you have to consider when answering this question:
Over the last 5 years the value of the Euro has fluctuated, from a high of $1.6/Euro on January 2009 to a low of $1.3/Euro as of January 2013. In between these times, there have been significant currency fluctuations going both up and down. In this case, the drop in the value of the Euro has coincided with a debt crisis in the Eurozone and within France itself. There is also high inflation, unemployment and significant government debt.
Posted by farouk23 on April 16, 2013 at 8:09 PM (Answer #1)
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