árfolyamstabilitást

Árfolyamstabilitás refers to the stability of an exchange rate between two currencies. It signifies a situation where the value of one currency relative to another remains relatively constant over a period of time, with only minor fluctuations. This stability is often a desirable goal for governments and central banks as it can foster economic predictability and facilitate international trade and investment.

Maintaining árfolyamstabilitás can be achieved through various monetary and fiscal policies. Central banks might intervene in the foreign exchange market by buying or selling their own currency to influence its value. They can also adjust interest rates, making their currency more or less attractive to foreign investors. Fiscal policies, such as managing government debt and ensuring balanced budgets, can also contribute to a stable economic environment, which in turn supports exchange rate stability.

However, achieving and maintaining árfolyamstabilitás can be challenging. External economic shocks, such as changes in global commodity prices, political instability in major trading partners, or shifts in international capital flows, can exert pressure on exchange rates. Furthermore, the pursuit of other economic objectives, like low inflation or high employment, might sometimes conflict with the goal of exchange rate stability, forcing policymakers to make difficult trade-offs. Persistent instability can lead to increased uncertainty, discourage foreign investment, and complicate economic planning.