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What is the type of currency exchange rate system in which values stay constant?
Wiki User
∙ 12y ago
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
Wiki User
∙ 12y ago
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What exchange rate system allows for fluctuations in currency values on a day-to-day basis?
A flexible exchange rate system allows for fluctuations in currency values on a day-to-day basis. Another kind of system would be a fixed exchange rate system.
What is a hybrid exchange rate?
It is a combination of fixed and flexible exchange rate, thsi system hanges par values of currency by small amount at frequent specified intervals
What is the difference in how the exchange rate reflects the supply and demand for the currency between a flexible-exchange rate system and a fixed-rate exchange system?
Fixed Exhange-Rate System: currency system in which governments try to keep the values of their currencies constant against one another Flexible Exchange- Rate System: allows the exchange rate to be determined by supply and demand. With a flexible exchange- rate system, exchange rates need not fall into any prespecified range.
What is currency exchange rate?
currency exchange rate means values between two other countries currency. For example, the value of indian rupee againts one US dollar is 60.64
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
What exchange rate system allows for fluctuations in currency values on a day-to-day basis?
A flexible exchange rate system allows for fluctuations in currency values on a day-to-day basis. Another kind of system would be a fixed exchange rate system.
What is a hybrid exchange rate?
It is a combination of fixed and flexible exchange rate, thsi system hanges par values of currency by small amount at frequent specified intervals
What is the difference in how the exchange rate reflects the supply and demand for the currency between a flexible-exchange rate system and a fixed-rate exchange system?
Fixed Exhange-Rate System: currency system in which governments try to keep the values of their currencies constant against one another Flexible Exchange- Rate System: allows the exchange rate to be determined by supply and demand. With a flexible exchange- rate system, exchange rates need not fall into any prespecified range.
What is currency exchange rate?
currency exchange rate means values between two other countries currency. For example, the value of indian rupee againts one US dollar is 60.64
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
How does exchange foreign trading work?
Foreign exchange trading is the speculation and exchange of foreign currency according to the fluctuation in values. Trading is done via a foreign exchange broker. Currency is purchased at a good price, based on the expectation the value will rise against another currency.
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Currency exchange values fluctuate daily. See the link below for the latest exchange rates.
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Currency exchange values fluctuate daily. See the link below for the latest exchange rates.
