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Explain the difference between indirect and direct exchange rates?
The difference between indirect and direct exchange rates is that an indirect exchange rate is the number of foreign currency units that may be obtained for one local currency unit and a direct exchange rate is the number of local currency units needed to acquire one foreign currency unit. The direct exchange rate has the local currency units in the numerator (the U.S. dollar for the direct exchange rate for the U.S. dollar).
What is the unit of currency and its exchange rate per US dollar in France?
In France the Euro is used. Its exchange rate per 1 US dollar is 0.68 Euros
How many US dollars could you get for Spain's unit of money?
The amount of Euros you can receive in exchange for dollars depends on the the rate of exchange at the time you make the exchange. For an up to the minute rate of exchange see: http://www.xe.com/ucc/.
What is the unit of currencey in Poland and what does theb word actually mean?
The unit of currency in Poland is Zloty and its code is PLN. The meaning of Zloty in English is Gold.
How to calculate the exchange rate between two currencies?
To calculate the exchange rate between two currencies, you can use the formula: Exchange Rate Value of One Currency / Value of Another Currency. This will give you the amount of one currency needed to buy one unit of the other currency.
What is the current exchange rate for Japan?
In Japan the unit of currency is the Yen. As of 20Feb09 USD7 was worth JPY93.30
What is a rate that's in which the second quantity in the comparison is one unit?
It is a unit rate.A unit rate.
What is the monetary unit of Venezuela?
the Bolivar. You can find the current exchange rate of the bolivar to any other currency a the Related Link
What does real exchange rate measure?
It measures the quantity of the real GDP of other countries that you get for a unit of your countries real GDP
Define exchange rate?
EXCHANGE RATE IS THE RATE AT WHICH ONE COUNTRY'S CURRENCY IS CHANGED FOR ANOTHER COUNTRY'S CURRENCY. FOR EXAMPLE THE RATE AT WHICH ONE DOLLAR CAN BE CHANGED FOR POUND STERLING OR ANY OTHER CURRENCY.
Can a unit rate be a rate?
Yes, a unit rate can be a decimal
What rate has a denominator of one unit?
It is one form of a unit rate.
