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Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
Wiki User
∙ 9y ago
Wiki User
∙ 6y agoDo you mean The system used?,,,,,,,,, It is very important, That's how any country assesses its own and other countries value and worth financially.
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Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
What statement describes the foreign exchange rate?
The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
What is the difference between a floating and a pegged exchange rate?
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
What is forward rate in foreign exchange market?
Transaction in future date by forward contract(future delivery) to purchase/sell foreign exchange at prevailing rate.
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
What is the significance of foreign exchange rate risk and how can it be mitigated?
Foreign exchange rate means that 1 usd = 10 pesos. When you exchange currency, understand that it fluctuates, sometimes higher and sometimes lower. Do your trading when it's higher b\c you get more of their dollars for your. All you can do it watch the exchange rates.
What statement describes the foreign exchange rate?
The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.
Importance of foreign exchange rate?
The foreign exchange rate helps determine the value of money. When the exchange rate is high, then the currency is less valuable.
What is the foreign exchange rate in the US?
The US foreign exchange rate varies greatly depending on the country and currency. The current foreign exchange rate for euros is 0.77 euros per USD. The current foreign exchange rate for CAD is 1.02 CAD per USD.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
What is Two way exchange quotes?
The buying rate & selling rate in foreign exchange market.
What is the difference between a floating and a pegged exchange rate?
pegged exchange rate is officially fixed in terms of gold or any other currency in foreign exchange. Floating exchange rate is flexible rate in which value of currency is allowed to adjust freely determined by the supply & demand of foreign exchange
What is forward rate in foreign exchange market?
Transaction in future date by forward contract(future delivery) to purchase/sell foreign exchange at prevailing rate.
What is the current foreign exchange rate for currencies?
You can update the foreign exchange rate of currencies in the Internet or on forex brokers, such as alpari.com/#informer=quotes or any other ones.
How much will you get for foreign money?
Depends on the current foreign exchange rate. Ask your bank.
