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What is the price of one nations currency in terms of another nations currency?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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Is the exchange rate is the price of one nations currency in terms of another nations currency?
Yes, that is correct.
What expresses the price of one's nation's currency in terms of another nation's currency?
exchange rate
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.
What is The value of a foreign nations currency in terms of the home nations currency?
Exchange Rate.
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.
Is the exchange rate is the price of one nations currency in terms of another nations currency?
Yes, that is correct.
What expresses the price of one's nation's currency in terms of another nation's currency?
exchange rate
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.
What is The value of a foreign nations currency in terms of the home nations currency?
Exchange Rate.
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.
How do you measure a nations currency?
In terms of value it all boils down to supply and demand.
Price of one country's currency in terms of another country's currency?
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.
Which nations paid the greatest price in terms of the number of lives lost during the war?
Germany Japan and Russia .
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.
