NounPlural exchange rates exchange rate (plural exchange rates)
From Wiktionary under the GNU Free Documentation License. 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. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 91 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 3.2 trillion USD worth of currency changes hands every day. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. From Wikipedia under the
GNU Free Documentation License What is the effect of freezing an exchange rate? Q. Would someone be kind enough to explain (in layman terms please), what freezing an exchange rate means as well as what the implications are. Many thanks. Asked by hopalong - Fri Oct 23 02:54:14 2009 - - 2 Answers - 0 Comments A. This is only possible in a 'controlled economy' (typically only Communist / Soviet system) with a 'non-convertible' currency. It is sometimes a response to the mass export of wealth that follows a change in Government that abandons basic property rights and thus a total collapse of 'in-country' asset values (see Financial Rand), although most countries (including UK - from WW2 until abolished by Thatcher in 1979) adopt 'exchange controls' instead .. The result is an artificial 'official' exchange rate (eg 1 Rouble = $1) that is totally out-of-step with the real world market rates (eg. 100 Rouble = $1). Visitors are forced to exchange all their non-native currency at port of entry at the official rate .. and on leaving they are paid the… [cont.] Answered by Steve B - Fri Oct 23 04:18:23 2009 Where can I find the highest exchange rate on an English cheque in Sydney? Q. I have a cheque drawn on an English bank in Sterling. I want to cash it in Sydney in person, where can I get the highest exchange rate in Sydney? Asked by Linda H - Thu Apr 23 23:02:51 2009 - - 2 Answers - 0 Comments A. Australian Travelex Bridge Street c/- HSBC, 28 Bridge Street, Sydney, New South Wales Citibank Park St Sydney c/- Citibank, 2 Park Street (cnr George Street), Sydney, New South Wales, 2000 Haymarket c/- HSBC, 724 - 728 George Street, Sydney, New South Wales Commonwealth bank Just enter postcode 2000 and it will bring up the store that meets your needs Answered by I Live In Paradise - Fri Apr 24 03:11:31 2009 How does currency exchange rate gets set?
Q. How do currencies get their value? Are there set formulas that make the value go up & down? What factors determine the exchange rate of a currency? Asked by Thinker - Tue Sep 1 13:56:24 2009 - - 2 Answers - 0 Comments A. In a free market, it is simple supply and demand. If you flood the foreign markets with your currency, you create an excess supply of it, and the value goes down. That makes other currencies stronger in comparison, which wrecks the economies of exporter nations. Or if you soak up much of your currency that is in circulation in foreign markets, you create a scarcity and your currency becomes more valuable. That wrecks your own export business. One way of moving your currency in or out of foreign markets is by your balance of trade. If you have a trade surplus, like we had before 1980, you are selling more than you buy, and your currency gets stronger. If you hae a trade deficit like we have had since 1980, you are buying more than you… [cont.] Answered by Cheer Up - Tue Sep 1 15:08:54 2009 From Yahoo Answer Search: "exchange rate"  news.google.com CurrencyConverter.co.uk But could the pound kick off the first week of the New Year by improving on that exchange rate ? Let's find out what happened. In actual fact we didn't get ... and more » news.google.com AllAfrica.com ... under 40 dollars and the exchange rate which had enjoyed unprecedented stability over a period of three years was already demonstrating signs of stress, ... and more » news.google.com PR Newswire (press release) ... and introduce innovative new products to meet changing consumer preferences, disruptions in US and international credit markets, exchange rate risks, ... and more » From Google News Search: "exchange rate"  currency271.newmethoddecor.com 120px x 128px | 3.10kB [source page] exchange rate rates In april this index currency exchange rate indicates whether inflationary pressures currency exchange rate are currency exchange rate used foreign exchange market ESP sri lanka rupees lkr sri lankan rupee sri lanka st sur union XEU east caribbean dollars xcd eastern caribbean dollars egp egypt pounds cyp czech Click here currency exchange rate for  reidsguides.com 180px x 240px | 14.80kB [source page] European Currencies Dealing with the Euro and those countries not yet in the Euro zone the British Pound Swiss Franc and all those Scandinavian and Eastern European currencies The exchange rate between the U S dollar and other currencies fluctuates constantly Make sure you re getting a good rate and low commission whenever changing money The short version From Yahoo Image Search: "exchange rate"  tvhe.co.nz Matt Nolan Wed, 18 Nov 2009 23:37:51 GM However, I think part of the reason this issue has occurred is because of a lack of understand around the necessity of monetary policy independence and inflation targeting, and how all these other factors (like the . exchange rate. ) are ...  nichebk.com niche_articles Fri, 20 Nov 2009 18:30:01 GM Cash transactions take place between countless parties at any one time, and there is no . exchange. which records all these transactions. For example, while the . exchange rate. of EUR/USD may show 1.2500/1.2503 on Broker X, ...  forextradingrobotreviews.org admin ue, 13 Oct 2009 13:00:27 GM With all the currencies in the world, there is always going to be . exchange rate. fluctuations creating an opportunity for profitable trading. And because of the large size of the global economy, the market is very popular with all sorts ... From Google Blog Search: "exchange rate" |
