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What best explains what happens to the exchange rate of a floating currency?
The exchange rate for that currency changes depending on the operations of the free market
What best explains what happens to the exchange of a floating currency?
The exchange rate for that currency changes depending on the operations of the free market
Where will someone get the best exchange rate when buying foreign currency?
Paying more than one needs to when exchanging currency is a terrible waste of money. Someone can get the best exchange rate when buying foreign currency by visiting a bank because banks likely will have the best exchange rates.
Which of these describes the process of exchanging currency between three banks in order to gain a profit from the exchange rate of each type of currency?
triangular arbitrage
Which term best describes the rate at which a country's currencies convert to other currencies?
exchange rate
What is the current exchange rate of ther currency to the us?
Incomplete question as you need to specify which currency to get the exchange rate
What is the currency and exchange rate in Spain?
Euro same as every were else in Europe. exchange rate to what other currency?
What is a good currency exchange rates calculator?
Google has a currency exchange rate calculator as well as xe, x-rates, and Go Currency. Alternatively there are currency exchange rate calculators located at malls where you can exchange one currency for another.
What best explains what happens when a currency is pegged to the us dollar?
The value of the pegged currency goes up and down depending on the exchange rate of the U.S. dollar. ALSO Pegging a currency to the U.S. dollar gives that currency the same stability as the U.S. dollar, keeping its exchange rate from fluctuating too wildly.
Define exchange rate?
The exchange rate is the value of one currency in relation to another currency. It determines how much of one currency is needed to purchase a unit of another currency. Exchange rates fluctuate based on market forces, such as supply and demand, economic indicators, and geopolitical events.
Which foreign money exchange gives the best rate on the Euro?
That depends on where you convert them into Euros. Figuring out the best way to convert U.S. dollars into foreign currency is about as easy as predicting. The GoCurrency currency converter has been the trusted exchange rate provider.
What is REER in exchange rate?
The real effective exchange rate based on real exchange instead of nominal exchange rate in foreign currency exchange.
