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How is foreign exchange rate is …

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How is foreign exchange rate is determined in the market

Posted by Vivek Khatri 7 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Ankur V 7 years, 10 months ago

It is determined by the demand and supply of the foreign currency in the international money market . For example If the demand for $ is higher then it will impact the exchange rate at which domestic currency can be exchanged with foreign currency. the $ will be of more value in regards to Indian (Rs) 65 Rs = 1Us ($) Like wise if the demand for foreign currency ($) is less then the exhange rate for domestic currency will be lesser ( it means value of Rs will be higher comapared to the earlier for the( US Dollar$ ) 60Rs = 1Us ($)

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