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Example: $1.00 is worth, 0.64€, while 1.00€ is worth $1.56. How would I find the value of $1.00 if 1.00€ were worth (say) $1.60?
Answer: 1.00 divided by 1.60
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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.
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 a exchange rate?
an exchange rate is how much country's currency is worth in term of anothers.
What is the difference between spot and forward exchange rate?
In forward exchange rate, the rate is booked in advance for a fixed amount and period,which will remain unchanged in case of any market fluctuation or deceleration.In fact forward exchange rate booking is done to protect or guard against volatile market condition. In spot exchange rate, the exchange rate prevalent on a particular date is booked for immediate effect.
What is crawling peg in exchange rate system?
Crawling peg is a compromise between fixed & flexible exchange rate.
What is The inverse of a fraction?
That might be the reciprocal - the multiplicative inverse. Just exchange numerator and denominator.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
How do you calculate exchange rate?
The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
The multiplication inverse of a number is always its?
The multiplicative inverse is also known as the reciprocal. The multiplicative inverse of a number "x" can be expressed as 1/x. In the case of a fraction, exchange numerator and denominator to get the multiplicative inverse.
What will be the estimated exchange rate in 2010?
The Exchange Rate is 6594.232$.
What is an unfavorable exchange rate?
unfavourable exchange rate movement
Which exchange rate is following by India?
Floating Exchange Rate
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 causes exchange rate fluctuations?
what are the causes of fluctuations in the exchange rate
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
When the exchange rate is stated in terms of dollars per euro, undervaluation of the euro relative to the dollar would mean:O Market exchange rate < PPP based Exchange rateO Market exchange rate > PPP based exchange rate?
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What are Inverse ETFs all about?
An Inverse ETF is an inverse exchange traded fund. It is used to create profits when the index declines in value. It will go up in value when the correlating index goes down.
