What does an exchange rate tell you?
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Answer and Explanation: The exchange rate tells the value of a currency after conversion to or from another currency (foreign to domestic or domestic to foreign). An exchange rate basically works with two major components: base and counter currencies. ... As an example, say 1 US dollar = 1.25 AU dollar.
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An exchange rate is the value of one nation's currency versus the currency of another nation or economic zone
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