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What is the money rate?

Updated: 12/9/2022
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Wiki User

17y ago

Best Answer

There is no single "money rate". There are rates of exchange between the currencies of most countries. These are dynamic rates and change continuously. You can find reasonably up-to-date rates from various currency exchange rate websites.

Then there are interest rates for borrowing and lending. Interest rates for borrowing will depend on what you are borrowing for, how long you are borrowing for and your credit-worthiness. The rate of interest that you might get for saving depends on the amount and the period.


All these rates depend on the state of the economy and the expected development in the economy over the period in question.

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8y ago
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