Question

what is exchange rate ?

Answer 1

The value of one currency for the purpose of conversion to other ...please mark as brainliest

Answer 2

An exchange rate is the price of a nation's currency in terms of another currency. In a direct quotation, the price of a unit of foreign currency is expressed in terms of the domestic currency. In an indirect quotation, the price of a unit of domestic currency is expressed in terms of the foreign currency.