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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 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 the relationship between Interest rate parity with 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.
What is the value of a European 20 dollar bill?
20 Euro dollars. You will have to google for currency exchange rates.CorrectionThere's no such thing as a European 20 dollar bill or a "euro dollar". The currency is simply called the euro. The remainder of the answer is correct though, because exchange rates change every day.
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.
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 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 the exchange for the German dollar to American dollar?
The German dollar does not exist. Germany uses the euro as its official currency. The exchange rate between the euro and the US dollar can fluctuate daily and is influenced by various factors including economic indicators, political events, and market sentiment. It is best to check with a financial institution or online currency converter for the current exchange rate.
What happens when a currency is pegged to the U.S dollar?
The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. 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.
Where can you exchange Philippine currency to US dollars?
how much is the currency exchange rate of philippine peso to u.s. dollar
