árfolyamstabilitás

Árfolyamstabilitás refers to the stability of a country's exchange rate against other currencies. It is a crucial objective for many central banks and governments because a stable exchange rate contributes to economic predictability and reduces uncertainty for businesses and consumers. Fluctuations in exchange rates can impact international trade, investment flows, and inflation.

When an exchange rate is stable, it means the value of a country's currency remains relatively constant compared to other currencies. This stability is often achieved through monetary policy tools, such as interest rate adjustments, and direct intervention in the foreign exchange market by the central bank. A stable currency makes it easier for businesses to plan for imports and exports, as the cost of foreign goods and the revenue from foreign sales are more predictable.

Conversely, significant volatility in exchange rates can lead to economic instability. Rapid depreciation of a currency can cause imported goods to become more expensive, fueling inflation and reducing purchasing power. Sharp appreciation can make a country's exports less competitive on the global market, potentially harming export-oriented industries and leading to job losses. Therefore, maintaining árfolyamstabilitás is often a key component of a sound macroeconomic policy framework, aiming to foster sustainable economic growth and price stability.