The currency brokerage rate is determined using the EUR / USD exchange rate. Read more at daytrading.about.com/od/currencies/a/WhatAreCurrenci.htm
It's basically the demand for the currency, which is determined by the economy of a country.
Pegged currency ^For me on apex 2022 :)
An exchange rate isthe price for which one currency is converted into anotherthe rate is determined by the supply and demand conditions of relevant currencies in the markettransaction of currency exchanges occurs int he foreign exchange markets.
floating
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
The exchange rate is determined by supply and demand in the foreign exchange market, where traders buy and sell currencies. Factors such as interest rates, inflation, and economic stability influence the value of a nation's currency compared to others.
The current interest rate offered by Robinhood for cash held in their brokerage accounts is 0.30.
Convert one type of currency into another at a given exchange rate. That rate is determined by the supply and demand of the desired currency plus processing fees and/or commissions charged by the retail institution. The market where everyone can exchange currency into another called Forex (foreign exchange) market.
They can help you get the best rate of exchanged money if you have a large amount of money you need to exchange. They do charge a high fee for their service, so it is best to have a high amount to exchange.
A market-determined exchange rate is the value of one currency in relation to another, established through the forces of supply and demand in the foreign exchange market. This system contrasts with fixed or pegged exchange rates, where a currency's value is tied to another currency or a basket of currencies. In a market-determined system, factors such as interest rates, inflation, and economic stability influence currency values, leading to fluctuations based on real-time market conditions. This approach allows for greater flexibility and can reflect changes in economic fundamentals more accurately.
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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.