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Floating Exchange Resolving Trade Imbalance

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    Momoh Mohamed T.
    Momoh Mohamed T.

    He's going to want to convert that into 20 million dollars. And obviously, he's going to want to convert into yuan, because that's where his costs are in, that's where he lives. This guy wants to convert into dollars, because that's where his costs are. Now this is the supply of dollars. These dollars wants to be converted into Chinese currency This right here is the demand for dollars. This is amount of dollars needed by guy converting from yuan. Now clearly, there is an imbalance.

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