Economy, asked by ujjwalmehta8072, 1 year ago

How exchange rate is determined by the demand and supply of foreign exchange?

Answers

Answered by vaishnavithorave
1

Answer:

In the foreign exchange market, the equilibrium exchange rate is determined by the intersection of the demand curve for foreign currency and the supply curve of the foreign currency. ... If exchange rate rises to OR1, then the supply of foreign currency exceeds the demand for foreign.

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