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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 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 currency exchange between canada and the united states?
Currently the Canadian and United States exchange rate varies, currently one Canadian dollar is equal to one dollar and one cent in United States currency.
What is the currency exchange rate between the US dollar and the European Euro?
1 US$ = 0.72 Euros
What best explains what happens when a currency is pegged to the us dollar?
The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. ALSO Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.
What is GBP in relation to currency exchange?
Great Britain pound. Which is used pair currency for US dollar.
What did the Bretton Woods agreement create?
The Bretton Woods agreement created fixed exchange rates between countries based on the value of each country's currency in relation to gold or indirectly in relation to gold by relating their currency to the U.S. dollar.
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 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 currency exchange between canada and the united states?
Currently the Canadian and United States exchange rate varies, currently one Canadian dollar is equal to one dollar and one cent in United States currency.
What would the exchange rate be on fractional currency?
First, the term fractional currency is used in relation to a main currency - the U.S. dollar or the euro, for example. A fractional type of currency is oftentimes 1/100 of the main currency. It simply depends on what you are converting to. For example, one dollar would be equivalent to 100 cents.
How much is a Filipino dollar worth?
The Philippine peso is the currency used in the Philippines, not the Filipino dollar. The exchange rate between the Philippine peso and the US dollar fluctuates daily and can be checked with financial institutions or currency exchange websites.
What is the current dollar for foreign currency exchange rate?
Against what currency?
Where can I exchange 20 dollar bills for 1 dollar bills?
You can exchange 20 dollar bills for 1 dollar bills at a bank or a currency exchange service.
Where can I exchange 20 dollar bills for 100 dollar bills?
You can exchange 20 dollar bills for 100 dollar bills at a bank or a currency exchange service.
What is the currency exchange rate between the US dollar and the European Euro?
1 US$ = 0.72 Euros
What best explains what happens when a currency is pegged to the us dollar?
The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. ALSO Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.
