Why are spot exchange rates important?
I want to understand why spot exchange rates are crucial. How do they impact international transactions and the global economy? Why is it essential for businesses and investors to keep track of these rates?
How are spot exchange rates different from real effective exchange rates?
I'm curious about the differences between spot exchange rates and real effective exchange rates. Can you explain the main distinctions between the two? How are they calculated differently? And what are the practical implications of understanding these differences for someone investing in the cryptocurrency or financial markets?