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The beginner level:
Exchange rates are set by market forces. The currency is "traded" in a global market place.
Its value is set by how badly people want a certain currency
This can be effected by interest rates in each country, government and personal debt levels in each country
And of course whether other countries and business will accept the currency for payment of debt.
Finally there are Currencies that are pegged or locked to the value of gold or another currency by that countries law. This brings in a black market exchange of this currency that can make gangsters good money.
Please see: How do exchange rates work?
Thanks.
What else can I help you with?
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What factors determine how exchange rates are based on?
Exchange rates are determined by factors such as interest rates, inflation, political stability, and economic performance of a country. Supply and demand for a currency also play a significant role in determining exchange rates.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
Which countries have the best exchange rates?
As we all know, the US currency is at a low. The Hong Kong Dollar, the Mexico Peso, and the Norwegian Krone seem to have good exchange rates at this time. However, exchange rates change daily.
Are foreign exchange rates accurate?
Yes, foreign exchange rates are 100% accurate all the time. In other countries, such as Philippines...they have this so called block market and you could get better rates.
What are foreign exchange rates?
Foreign exchange rates are currency exchange value of other countries.
What is meant with money exchange rates?
If you are dealing with overseas currency it is necessary to know exchange rates. The exchange rates vary from day to day. exchange rates compare how much a certain country's currency is worth against another countries.
Where can I exchange currency for the best rates?
You can exchange currency for the best rates at banks, currency exchange offices, or online platforms that offer competitive rates. It's recommended to compare rates and fees before making a decision.
What determines the exchange rates?
Foreign exchange markets
What are the American Express exchange rates?
American express exchange rates can change from time to time. It is recommended that one contact American Express directly for the current exchange rates offered.
Where can one view the latest exchange rates?
One can view the latest exchange rates at a number of places. A few places to find exchange rates are at XE, OANDA, CNN, Currencies Direct. Commonwealth Bank offers the service posting the latest exchange rates as well.
How much is england money worth in the us?
Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.Exchange rates change all the time; to get current exchange rates, go to an online currency calculator, for example, xe.com.
What factors determine how exchange rates are based on?
Exchange rates are determined by factors such as interest rates, inflation, political stability, and economic performance of a country. Supply and demand for a currency also play a significant role in determining exchange rates.
Who or what determines the exchange rates in the foreign currency market?
Currently exchange rates are determined by laws of supply and demand.
How do currency exchanges work and what factors influence the exchange rates?
Currency exchanges work by trading one currency for another at an agreed-upon rate. The exchange rate is influenced by factors such as interest rates, inflation, political stability, and economic performance of the countries involved. Supply and demand for a currency also play a significant role in determining its exchange rate.
Where can you find the current USD to Rupee exchange rate?
One can find current exchange rates for USD to Rupee online from sites such as Dollar2rupee, X-Rates, Xe, Exchange Rates, Money.cnn, Oanda and Finance.yahoo.
Where can a tourist find information on exchange rates?
There are many places on the web where a tourist could find information on exchange rates. One looking for more information on exchange rates could look at sources such as X-Rates, CurrencyConverter, XE, and Yahoo Finance.
