Investing in Currencies

Currency values are always relative.© bankoo/stock.adobe.comWe all know what money is. It’s what we use to buy and sell goods and services and, from a savings and investing standpoint, it’s how we keep score of (i.e., place a value on) the assets we own.But how much does money cost? That might sound like a strange question, because we typically associate price tags with goods and services, not money itself.The value of a currency relative to another is reflected in the exchange rate.Inflation, interest rates, trade balance, and a country’s overall...