Bank branches which undertake foreign exchange business directly are known as in foreign exchange
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Exchange rates tell you how much your currency is worth in a foreign currency. Think of it as the price being charged to purchase that currency. Foreign exchange traders decide the exchange rate for most currencies. They trade the currencies 24 hours a day, seven days a week. This market trades $5.3 trillion a day.
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Inflation is the general increase of prices for the economy as a whole and the decrease of purchasing power over time. One product increasing in price is not inflation, but rather it is the price of the consumption bundle of all goods and services in the entire economy increasing. Unemployment is when people who can work have no paid job.
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