Sericulture- For Immediate Support

November 22, 1980 those why have to deal on the markets, Thus even as the effective exchange rate for a currency during very short intervals may he stable, dealers operating in other currencies through the given currency may face varying fortunes. If concern for exchange rate stability originates in the desire to ensure a relatively stable exchange rate situation for exporters and importers, then the concept of effective exchange rate iS not a very practical one.