Economy, asked by sreeramadithya, 9 hours ago

What is meant by foreign exchange?

Answers

Answered by gargdivyansh37

0

Answer:

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Answered by yaathra23

0

Explanation:

Foreign exchange, or forex, is the conversion of one country's currency into another. In a free economy, a country's currency is valued according to the laws of supply and demand. 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.

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