If the U.S. raises interest rates, does it affect the exchange rate?

I heard that the U.S. is going to raise interest rates. Does that affect the exchange rate?

I have to go play early next year, so I was wondering if it would be better to buy dollars in advance

or later

327 2018-10-23 Lady

If the U.S. raises interest rates, the exchange rate goes up

Gentleman 6 years ago 0

If the U.S. raises interest rates, the value of the U.S. currency goes up, so does the exchange rate

Gentleman 6 years ago 0

Is it good to buy dollars now if the exchange rate goes up?
Or is it better to buy it later?

Lady 6 years ago 0

It means it's better to buy it now

Gentleman 6 years ago 0

If you buy it now, you can buy it for 1,100 won. If you buy it later, you can buy it for 1,200 won, so it's better to buy it now

Gentleman 6 years ago 0

Thank you for the detailed explanation

Lady 6 years ago 0