Exchange rate
Exchange rate
Glossary of business
Definition of exchange rate
An exchange rate is the price of one currency in terms of another currency. For example, the exchange rate between the $and the $ may be $1=$1.40. This means that you need to pay a price of $1 to get every $1.40. Exchange rates can be either fixed or floating. If they are floating, this means that their value is determined by demand and supply.
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Terminology about business
Job world
Definition and meaning of exchange rate
Meaning of exchange rate
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