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What best explains the difference between stock market an currency exchange market?
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What best explains the difference between a fixed currency and a floating currency?
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
Explain the difference between indirect and direct exchange rates?
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).
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 is the difference between base currency and exchange currency?
Base currency is traditionaly the stronger currency and also the one which is actually bought or sold when we deal in pairs For e.g. if we BUY GBPUSD then we are Buying GBP and Selling USD , Here GBP is the Base currency and USD is the counter currency
What is the difference between the Canadian dollar and the US Dollar?
Both Canada and America use the dollar as their currency. The main difference between them being the exchange rate with 1$ Canadian being worth 96c American.
What best explains the difference between a fixed currency and a floating currency?
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
Explain the difference between indirect and direct exchange rates?
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).
When do currency exchange happen?
When it happend huge difference between two country currencies..
What is the difference between the stock market and the currency exchange market?
Ownership in companies is traded in the Stock Market while ownership of foreign money is traded in the currency exchange market.
What is difference between Convertible and non-convertible currency?
A non convertible currency is a money system that is not part of the FOREX exchange. It cannot be converted into other currency.
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 do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
What is the difference between base currency and exchange currency?
Base currency is traditionaly the stronger currency and also the one which is actually bought or sold when we deal in pairs For e.g. if we BUY GBPUSD then we are Buying GBP and Selling USD , Here GBP is the Base currency and USD is the counter currency
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
What is the difference between the Canadian dollar and the US Dollar?
Both Canada and America use the dollar as their currency. The main difference between them being the exchange rate with 1$ Canadian being worth 96c American.
Difference between bill of exchange and promissory note?
difference between bill of exchange and promissory note?
