Business Studies, asked by kikoashraf2009, 1 month ago

The fluctuating currency exchange rates among countries often produce no differences in prices for products across national boundaries.

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Answered by divishavats00
1

Explanation:

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Answered by spehal1977
3

Here is your answer

In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, or rate) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an inter-bank exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, US$) means that ¥91 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥91.

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