There are various factors that determine an exchange rate. Trade value, inflation, and interest rates, to name a few. These are basic principles to help understand the concept. Let's work in a closed vacuum and assume there is no inflation between two countries or any other factors and examine fluctuations based on wealth and trade.
We begin with country A, which lets call the USA and country B which we call Britain. Lets imagine that 1 UD Dollar = 1 British Pound.
Now let's say that the Americans own $100 and the British own 100 Pounds. If America buys $5 worth of product from Britain, America would have $95 and Britain would have 105 Pounds. Suddenly Britain becomes wealthier. In theory Britain is approximately 10% wealthier now. (100/95x105=10.52%) So suddenly $1 would be worth around 1 Pound and 10 Pence.
This is the principle of trade surpluses and trade deficits and wealth within a currency. Now let's imagine that America and Britain each have $100 again. Let's say that over 1 year, prices in America stayed the same but in Britain, prices went up 5%. We would now have an effect where Britain is 5% poorer then America and $1 would be now worth 1 Pound and 5 Pence. This is where interest rates are determined. Britain could have helped keep $1 worth 1 Pound by having an Interest rate of 5%. Interest rates are determined normally by a Reserve Bank governor that determines economic policy for a currency. Interest rates can also be manipulated to stimulate an economy by strengthening or weakening a currency. Now we can also consider what would happen if Britain deicide to print twice as much money as it had before. If America and Britain each has $100 and 100 Pounds each respectively, and Britain decided to print 200 Pounds in an attempt to get wealthier, suddenly $1 would equal 50 pence. However if Britain had found 100 Pounds of gold and was worth 200 Pounds, then $1 would still equal 1 Pound. Very basically, this is how the system works, however is much more complex in reality. I hope this gives a basic understanding of the principles. Cecil Pickard-Brown
cecp@advidata.com
Depending on the Economy level
Currencies exchange rate are not calculated but determined by the market supply and demand. If the demand is higher than the supply the price will go up and vice versa.
the foreign exchange rate is determined by the supply and demand of the market. If the demand of a certain currency pair is greater than the supply the price will rise and vice versa.
Foreign currency is calculated using the average market value of the currency over a 24 hour period and then comparing that value to other currencies. This is why exchange rates can vary from day to day.
Since the exchange rate changes all the time, just use your favorite search engine and search for "currency calculator" or "currency converter". There you can do the conversion, using the current exchange rate.
As of 2013, China's currency is called the renmimbi; the main unit is called the yuan. Since exchange rates constantly change, go to an online site specialized in currency exchange (for example, the XE site), to get the latest exchange rate.
Foreign currency translation is calculated by multiplying the foreign currency amount by the exchange rate. The exchange rate is the value of one currency in terms of another currency, and it can be obtained from financial markets or from central banks. The resulting product is the translated amount in the reporting currency.
Currencies exchange rate are not calculated but determined by the market supply and demand. If the demand is higher than the supply the price will go up and vice versa.
Incomplete question as you need to specify which currency to get the exchange rate
Euro same as every were else in Europe. exchange rate to what other currency?
the foreign exchange rate is determined by the supply and demand of the market. If the demand of a certain currency pair is greater than the supply the price will rise and vice versa.
The exchange rate is the value of one currency in relation to another currency. It determines how much of one currency is needed to purchase a unit of another currency. Exchange rates fluctuate based on market forces, such as supply and demand, economic indicators, and geopolitical events.
Google has a currency exchange rate calculator as well as xe, x-rates, and Go Currency. Alternatively there are currency exchange rate calculators located at malls where you can exchange one currency for another.
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
France uses the Euro as its currency, look at the Euro exchange rate with whatever currency you are trying to exchange.
The exchange rate for that currency changes depending on the operations of the free market
You can find the current us currency exchange rate on x-rates.com.
The "MoneyCo" website contains a wide variety of currency that you may exchange as well as telling you the exchange rate of the currency. Their exchange rate actually differs from the common exchange rate of banks.