Part 15/16:
Finally, the interplay between foreign exchange rates and commodities like crude oil paints a clear picture of economic pain. Since March 2022, Brent crude oil prices in dollars have fallen almost 30%, but in countries with weaker currencies—Japan, the UK, China—these declines are much less pronounced. For instance, the pound has depreciated sharply, translating to sustained cost pressures domestically despite falling dollar prices. These FX effects highlight how currency devaluations exacerbate inflation and economic strain locally, regardless of global commodity trends.