The currencies rate is decided by the supply and demand of the market.
The higher the demand, the higher the price and vice versa.
The rate of currency is usually fixed based on the stock exchange.
Currencies always roll in pairs. To determine what is the rate of USD first you need to decide against which currency. For example: EUR/USD, USD/CAD etc'
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.
You can find the currency exchange rate for a specific currency by checking financial websites, using currency converter apps, or contacting banks or currency exchange services.
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.
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.
To effectively short a currency, an investor borrows the currency at a certain exchange rate, sells it at that rate, and then buys it back at a lower rate to repay the loan. This allows the investor to profit if the currency's value decreases.
Against what currency?
The exchange rate of a currency is determined by various factors, primarily through supply and demand in the foreign exchange market. Central banks can also influence exchange rates through monetary policy, interest rates, and interventions. Additionally, economic indicators, geopolitical events, and market sentiment play significant roles in determining currency values. In some cases, countries may have fixed or pegged exchange rates, where the government sets the rate relative to another currency.
Pegged currency ^For me on apex 2022 :)
Euro same as every were else in Europe. exchange rate to what other currency?
I believe you're looking for the term "exchange rate."