Question

The foreign exchange exchange rate determination

Answer 1

Foreign exchange, or Forex, is the conversion of one country's currency into that of another. ... In other words, a currency's value can be pegged to another country's currency, such as the U.S. dollar, or even to a basket of currencies.

Answer 2

active trade activity of a person with foreign countries is called as foreign trade.the foreign exchange rate is determined by the total amount of imports and exports of a country in a year and this measure is called as foreign exchange rate.