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How does domestic inflation increase when currency exchange rate decrease?
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in lay mans terms £1 =$2 and a loaf of bread cost $2 . if the exchange rate becomes £1=$3 the price of the loaf of bread has to go up too. it means your currency worth decreased against the world bank.this article might help.
https://content.imamu.edu.sa/Scholars/it/net/fischer141.pdf- Topics: 0
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page 5 but since you are planing on a career in accounting you might want to read the whole thing.and my explanation is quite rough but i hope you get the idea
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