Want this question answered?
An exchange rate of 1:20 means that 20 Japanese Yen are equal to one Canadian dollar. Frequency exchange rates vary minute to minute.
exchange rate
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
The best place to find what the foreign exchange rate between Euros and US dollars would be to call the US embassy. The Euro used to be worth less than the Dollar, but it has switched since the recession.
When the dollar depreciates (dollar price of foreign currencies rises), U.S. exports rise and U.S imports fall.
An exchange rate of 1:20 means that 20 Japanese Yen are equal to one Canadian dollar. Frequency exchange rates vary minute to minute.
With an exchange rate of 1 Canadian Dollar to 20 Japanese Yen for every 1 Canadian Dollar you will get 20 Japanese Yen. So, for example, if you exchanged 40 Canadian Dollars, you would get 40×20 = 800 Japanese Yen.
It only takes one Canadian dollar to buy 20 Japanese yen
Now our customers can undertake trouble free foreign travel because their major foreign currency requirement will be taken care through ICL foreign exchange services. We deal in exchange of major international currencies like US Dollar, British Pound and Japanese Yen, etc with competitive rates.
Forex or foreign exchange rates are the conversion rates between major currencies. These include the US dollar, the Euro, the British pound, the Japanese Yen, the Chinese Yuan and many others.
A weak dollar is a U.S. dollar that can exchange for fewer amounts of foreign currency.
It takes only one Canadian dollar to buy twenty Japanese yen.
exchange rate
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
The best place to find what the foreign exchange rate between Euros and US dollars would be to call the US embassy. The Euro used to be worth less than the Dollar, but it has switched since the recession.
Against what currency?
When the dollar depreciates (dollar price of foreign currencies rises), U.S. exports rise and U.S imports fall.