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Price of one country's currency in terms of another country's currency?
Wiki User
∙ 14y ago
Exchange rate is the term that defines how much of country A's money you could buy with a set amount of country B's money.
Wiki User
∙ 14y ago
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What expresses the price of one's nation's currency in terms of another nation's currency?
exchange rate
Is the exchange rate is the price of one nations currency in terms of another nations currency?
Yes, that is correct.
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.
How are prices established in the foreign exchange market?
The rates are quoted in two ways: A direct exchange rate (or direct quote) is the price of the foreign currency in terms of the home currency; and Indirect exchange rate (or indirect quote) is the price of the home currency in terms of the foreign currency.
What is one nation's currency in terms of another country's?
This depends on the exchange rate between the two countries.
What expresses the price of one's nation's currency in terms of another nation's currency?
exchange rate
Is the exchange rate is the price of one nations currency in terms of another nations currency?
Yes, that is correct.
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.
How much is one currency?
There is no price for one currency. Currencies are traded in pairs and the price is for one currency in terms of the other currency.
What is the definition of youth science?
An exchange rate can be quoted in two ways: Direct: The price of the foreign currency in terms and dollars And Indirect the price of dollars in terms of the foreign currency
How are prices established in the foreign exchange market?
The rates are quoted in two ways: A direct exchange rate (or direct quote) is the price of the foreign currency in terms of the home currency; and Indirect exchange rate (or indirect quote) is the price of the home currency in terms of the foreign currency.
What is one nation's currency in terms of another country's?
This depends on the exchange rate between the two countries.
What is a procedure for determining the value of one country's currency in terms of another country's currency?
Exchange-rates fluctuate daily. Look for an on-line exchange rate calculator.
How is foreign currency translation calculated?
Foreign currency translation is calculated by multiplying the foreign currency amount by the exchange rate. The exchange rate is the value of one currency in terms of another currency, and it can be obtained from financial markets or from central banks. The resulting product is the translated amount in the reporting currency.
Translate 'Valuta' into English?
Valuta is the value of one currency expressed in terms of another currency. For example, one U. S. dollar being worth .77 of a euro.
What is the price of one nations currency in terms of another nations currency?
The price of one currency can be measured by another currency, as the total amount of the currency that is equivalent to one unit of the measurement currency. Currencies are often quoted in pairs when measured this way. For example, the exchange rate of the Euro and the US Dollar can be quoted as EURUSD and USDEUR, depending on which currency is being measured (EUR representing the Euro, USD representing the United States Dollar). As an example, the current EURUSD exchange rate is 1.4675. This means that US$1.4675 is equivalent to 1 Euro at the current exchange rate. Likewise, the USDEUR exchange rate is roughly 0.6814 at the time of this answer's creation, as roughly 0.6814 Euros are equivalent to 1 United States Dollar.
What is an exchange market?
The Forex market can be thought of as a large exchange booth where currencies are bought and sold against each other. If you know, for example, that the dollar is going to increase in value, you buy dollars right now, wait for the currency to rise in value and then sell your dollars for another currency later at a higher price. This is essentially how things work on the Forex market. The only difference, of course, is that on the Forex market the volumes are much larger. The fact that the price of currencies is in constant fluctuation is what makes earning money on the Forex market possible at all times. Since currencies are priced relative to each other, a loss of value in one currency necessarily entails a gain in another currency. This brings us to the idea of a currency pair, one most important concepts in trading currencies. A currency pair simply represents the price of one currency in terms of another. For example, when it is said that "EURUSD is 1.2505" it means that 1 euro costs 1.2505 dollars. Ref: alpari.com/en/beginner/about_forex/
