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Exchange-rates fluctuate daily. Look for an on-line exchange rate calculator.
cost
Exchange Rate.
Devaluation
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
Valuta is the value of one currency expressed in terms of another currency. For example, one U. S. dollar being worth .77 of a euro.
Exchange-rates fluctuate daily. Look for an on-line exchange rate calculator.
cost
Exchange Rate.
Devaluation
Foreign currency translation is calculated by multiplying the foreign currency amount by the exchange rate. The exchange rate is the value of one currency in terms of another currency, and it can be obtained from financial markets or from central banks. The resulting product is the translated amount in the reporting currency.
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
In a pegged/fixed exchange rate system the value of currency is fixed in terms of gold or the value of other currency.This value is the parity value of the currency
The currency market.
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency.
Because the value of each currency is based on their economic strength. Currency is traded between countries - and one currency may be in more demand (increasing its value) than another.
Floating exchange rate