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If the exchange rate rises, the quantity of dollars required decreases along the demand curve for dollars.
Demand curve for dollars
The demand curve for dollars illustrates the relationship between the amount of dollars and the exchange rate between pesos and dollars. It descends downward because Mexicans demand more dollars as the price descents. A fall in price signifies that the dollar is devaluating in value relative to the peso.
The demand curve for the foreign exchange is shown in where the pace of foreign exchange and the quantity of foreign exchange required have been shown on the Y axis and X axis respectively.
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