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The currency brokerage rate is determined using the EUR / USD exchange rate. Read more at daytrading.about.com/od/currencies/a/WhatAreCurrenci.htm
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∙ 14y ago
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What is the basis of currency exchange rate?
It's basically the demand for the currency, which is determined by the economy of a country.
What is a currency whose value is determined by the supply and demand for the currency in the market?
Pegged currency ^For me on apex 2022 :)
What is an exchange rate?
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.
If the supply and demand for currency determines the exchange rates this is called?
floating
What is the difference between a floating and a pegged exchange rate?
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
What are foreign currencies?
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.
What exactly can a currency brokerage assist me with?
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.
How the value of currency of a country is determined?
This link will answer your question http://ezinearticles.com/?How-are-Currency-Values-Determined?&id=467643
How the foreign exchange rate is calculated?
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.
How the rate of currency is fixed?
The rate of currency is usually fixed based on the stock exchange.
Which group tends to offer most favorable interest rate?
Brokerage firms
What are exchangs rates?
Exchange rate is the rate at which one currency is exchanged for another.It is the price of one currency in terms of another currency.
