What is the two most important elements of foreign exchange, Financial Management

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What is the two most important elements of foreign exchange

1. What is the two most important elements of Foreign Exchange Rate Determination. Please explain.

2. The South African rand (ZAR) has changed signficantly against the dollar: S(jan 16) = ZAR14.45 / USD, S(jan17) = ZAR13.45 / USD.

Calculate the percentage change of the ZAR.

A) +6.920%

B) -7.435%

C) -6.920%

D) +7.435%

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Financial Management: What is the two most important elements of foreign exchange

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