the exchange rate for $1 is £1 the $ is like a £ in our country the only difference is pence and cents but they still are the same amount so 1 pence is the same as 1 cents.
well it depends on the exchange rate but with a current rate of 1.285 it is 12.85 US dollars
usa = 1.000000 UK = 0.607595
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
Depends on the current exchange rate. You can find that on-line in a search for exchange rates and most sites will figure it for you.
unfavourable exchange rate movement
The Exchange Rate is 6594.232$.
Floating 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.
The US Dollar exchange rate can be found on hundreds, if not thousands, of different websites. One could use websites such as XE, Coinmill, Bank Of America and many other sites.
what are the causes of fluctuations in the exchange rate
The Zimbabwean has the highest foreign exchange rate.