Economy, asked by qureshiazeem83, 2 months ago

what is the difference between demand for foreign exchange and exchange rate?

Answers

Answered by suchitasingh057

Answer:

There is inverse relation between price of foreign exchange (rate of exchange) and demand for foreign exchange. When exchange rate rises, demand for foreign exchange falls and when exchange rate of foreign currency falls, its demand rises.

Answered by CPD007

Answer:

demand for foreign exchange means how much quantity is demanded of foreign currency and exchange rate is rate at which buying and selling of forex takes place.

hope it helps.

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