define foreign exchange rate .
Answers
Answered by
1
hello mate here is your answer to your question ---------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------It is a type of exchange rate regime in which a currency's value is fixed against either the value of another single currency, a basket of other currencies, or another measure of value, such as gold........ ....
-----------------------------------------------------------------It is a type of exchange rate regime in which a currency's value is fixed against either the value of another single currency, a basket of other currencies, or another measure of value, such as gold........ ....
Answered by
5
A foreign exchange rate is the price of the domestic currency stated in terms of another currency—such as the yen or euro or pound—is traded for domestic currency—for example, the U.S. dollar. This “market” is not in a centralized location; instead, it is a decentralized network that is nevertheless highly integrated via modern
Similar questions