|
Exchange Rate
An exchange rate is the price of a country's currency in terms of another country's currency.
Price of one country's money in relation to another's. Exchange rates may be fixed or flexible. An exchange rate is fixed when two countries agree to maintain a fixed rate through the use of monetary policy. Historically, the most famous fixed exchange-rate system was the gold standard; in the late 1850s, one ounce of gold was defined as being worth 20 U.S dollars and 4 pounds sterling, resulting in an exchange rate of 5 dollars per pound. An exchange rate is flexible, or "floating," when two countries agree to let international market forces determine the rate through supply and demand.
Price at which one country's currency can be converted into another's. The exchange rate between the U.S. Dollar and the British pound is different from that between the dollar and the German mark, for example. Most exchange rates float freely and change slightly each trading day; some rates are fixed and do not change as a result of market forces.
The price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. For example, the higher the exchange rate for one euro in terms of one yen, the lower the relative value of the yen.
An exchange rate is the current market price for which one currency can be exchanged for another. If the U.S. exchange rate for the Canadian Dollar is $1.60, this means that 1 American Dollar can be exchanged for 1.6 Canadian dollars.
The price of a currency expressed in terms of another currency.
|
Sponsors
Better trades Expo is a two-hour introductory class that explains the BetterTrades system. Better trades coaches are effective communicators to properly present the information.
Apply for payday loans and cash advance from a company with the best customer service.
|