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EXCHANGE RATE IS THE RATE AT WHICH ONE COUNTRY'S CURRENCY IS CHANGED FOR Another Country'S CURRENCY. FOR EXAMPLE THE RATE AT WHICH ONE DOLLAR CAN BE CHANGED FOR POUND STERLING OR ANY OTHER CURRENCY.
Wiki User
∙ 16y ago
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.
Wiki User
∙ 9y agoExchange rate is the conversion of the currency of a country to another currency of a different country. There are several factors that are considered in the status of the exchange rate like the state of the politics and the balance in the economy.
Wiki User
∙ 15y agoThis it the rate at which the currency of one country can be exchanged for that of another.
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List and explain advantages of flexible exchange rate regime?
Automatic adjustment: Flexible exchange rates allow currencies to fluctuate based on market forces, enabling automatic adjustment to changes in supply and demand without the need for government intervention. Insulation from external shocks: Countries with flexible exchange rates are better able to insulate themselves from external shocks, such as changes in global economic conditions or commodity prices, as their currency can depreciate or appreciate to rebalance the economy. Independent monetary policy: A flexible exchange rate regime gives countries greater freedom in conducting their own monetary policy, as they are not constrained by the need to maintain a fixed exchange rate. Overall, a flexible exchange rate regime provides countries with the ability to adapt to changing economic conditions, maintain independence in their policy choices, and enhance economic resilience.
What is literacy rate in Louisiana?
The literacy rate in Louisiana is approximately 89%. However, this number can vary depending on the source and criteria used to define literacy.
How many American dollars do you get for a pound?
Exchange rates fluctuate constantly, but as of currently, you get around 1.36 US dollars for every British pound. It's good to check a reliable source for the most up-to-date exchange rate.
Which state has the highest recycling rate and what is the rate?
Oregon has the highest recycling rate in the United States, with a rate of around 40%.
What is the current natural increase rate for the world?
As of 2021, the current natural increase rate for the world is estimated to be around 1.1%. This rate is calculated by subtracting the global death rate from the global birth rate.
Briefly explain Advantages and disadvantages a flexible exchange-rate system?
define exchange and whts its advantages and disadvantages
How would you define revaluation?
Revaluation is the opposite of devaluation. This occurs when, under a fixed-exchange-rate regime, there is pressure on a country's currency to rise in value in foreign-exchange markets.
What is the define exchange rate of euro?
the pair is trading at 1.50, it means it takes 1.5 U.S. dollars to buy 1 euro.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
How do you calculate exchange rate?
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
What will be the estimated exchange rate in 2010?
The Exchange Rate is 6594.232$.
What is an unfavorable exchange rate?
unfavourable exchange rate movement
Which exchange rate is following by India?
Floating Exchange Rate
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
What causes exchange rate fluctuations?
what are the causes of fluctuations in the exchange rate
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
When the exchange rate is stated in terms of dollars per euro, undervaluation of the euro relative to the dollar would mean:O Market exchange rate < PPP based Exchange rateO Market exchange rate > PPP based exchange rate?
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