Question

what is foreign exchange rate ?​

Answer 1

Answer:

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Foreign exchange rate:

It refers to the rate at which currency of one country is exchanged with currency of another country.

➜It is also known as External value of currency.

e.g-if the imports goods from usa ,then we have to pay the exporter in terms of dollars and for this purpose we all convert rupee into dollar.

Hope it helps you..

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Answer 2

Answer:

Foreign exchange rate:

It refers to the rate at which currency of one country is exchanged with currency of another country.

➜It is also known as External value ofcurrency.

e.g-if the imports goods from usa ,then we have to pay the exporter in terms of dollars and for this purpose we all convert rupee into dollar.

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