how is foreign exchange rate determined in the foreign exchange market ?
Answers
Answered by
5
In a system of flexible exchange rate, the exchange rate of a currency (like price of a good) is freely determined by forces of market demand and supply of foreign exchange. ... Therefore, the value of currency of each country in terms of the other currency depends upon the demand for and supply of their currencies.
Hope this helps
Mark as brainliest
Similar questions
Physics,
5 months ago
Social Sciences,
5 months ago
Math,
5 months ago
English,
11 months ago
Physics,
1 year ago