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Crudely, they can be thought of as "how much of currency X can I buy for one unit of currency Y" or vice versa.
How they're determined is complicated, but essentially eventually boil down into one of two ways:
"I can buy x grams of gold for $y, and sell x grams of gold for z yen/pounds/marks/euros/whatever, so $y = z whatevers"
The government issuing a currency specifies the exchange rate, which may or may not bear any relation whatsoever to the actual relative values of the currencies in terms of purchasing power. Governments that do this tend to be on the more dictatorial side, and generally don't allow their citizens to convert their pobble beads into dollars (or other foreign currency) ... the rate is one way; "20 pobble beads for 1 dollar," generally can only legally be done at highly-regulated locations (like branches of the national bank), and to change back, you have to go to the national bank and show a receipt proving you changed at least that many dollars into pobble beads in the first place.
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Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What determines supply and demand in the foreign-exchange market?
Supply and demand in the foreign-exchange market are determined by changes in many market variables, including relative price levels, real interest rates, productivity, product preferences, and perceptions of economic stability.
What is the meaning of Foreign Exchange Quotes?
Foreign Exchange Quotes means "foreign exchange rates", which is something we all understand. These rates can be found on many websites, one of which is www.ForeignExchangeQuotes.info which is a free resource site. Hope this helps!
Are foreign exchange rates accurate?
Yes, foreign exchange rates are 100% accurate all the time. In other countries, such as Philippines...they have this so called block market and you could get better rates.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
What is the significance and difference in foreign currency exchange rates?
The differences in foreign currency exchange rates is also called a spread. The size of the spread determined by the liquidity of the pair, the amount of buyers and sellers.
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What determines the exchange rates?
Foreign exchange markets
What determines supply and demand in the foreign-exchange market?
Supply and demand in the foreign-exchange market are determined by changes in many market variables, including relative price levels, real interest rates, productivity, product preferences, and perceptions of economic stability.
Where can I find current foreign exchange rates?
You can find current foreign exchange rates on the internet. Check out x-rates.com and oanda.com for this service.
What is the meaning of Foreign Exchange Quotes?
Foreign Exchange Quotes means "foreign exchange rates", which is something we all understand. These rates can be found on many websites, one of which is www.ForeignExchangeQuotes.info which is a free resource site. Hope this helps!
Where can I get the foreign exchange rates?
You can find up to date foreign exchange rates online. These fluctuate from day to day so it is important to keep a close eye on them.
Where can one find the foreign exchange trading rates?
There are many sites that list current foreign currency exchange rates. One of the most well known is Xe. Yahoo, Google and Microsoft also run finance portals and sites that list foreign exchange rates.
Are foreign exchange rates accurate?
Yes, foreign exchange rates are 100% accurate all the time. In other countries, such as Philippines...they have this so called block market and you could get better rates.
Flexible exchange rates are determined by?
By the demand and supply of currencies in the global exchange market.
Is there an iphone app that will calculate foreign exchange rates?
Yes, there is an iphone app that will calculate foreign exchange rates. Citi banks provides that service in an app so you can check what the rates will be at all times.
