what do you mean by exchange rate? ho0w it is determined?
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Answer / neethu
In finance, the exchange rates (also known as the foreign-
exchange rate, forex rate or FX rate) between two
currencies specifies how much one currency is worth in
terms of the other. It is the value of a foreign nation’s
currency in terms of the home nation’s currency
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / shilpa arora
Exchange rate between two countries specifies how much one
currency is worth in terms of the other.
It is value of foreign national currency in terms
of home nation currency.
Exchange rate= e[P/Pf]
P= Domestic price level
Pf= foreign prce level
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / vandana
Rate at which one currency may be converted into another.
also called rate of exchange or foreign exchange rate or
currency exchange rate.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / susanta kumar sahoo
A rate at which one currency my be converted to another
foreign currency is called exchange rate or foreign exchange
rate. Generally it determine on the basis of demand and
supply of that particular currency in global market.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / vikram
exchange rate is the rate at which one country rent there money to other or simply we can said that its the cost at which one country give loan to other country.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / bharat
exchange rate is nothing it is only that what is the ratio
of import and export of any country regarding to other
countries.
| Is This Answer Correct ? | 2 Yes | 9 No |
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