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Foreign exchange rate

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Foreign exchange rate

Posted by Raja Narzary 5 years, 9 months ago

CBSE > Class 12 > Other Subjects

2 answers

Manglesh Kumar 5 years, 9 months ago

A foreign exchange rate is the price of domestic currency stated in term of another currency since standarlised currencies around the World float in value with demand,supply and consumer confidence their values change relative to each over time .

Yogita Ingle 5 years, 9 months ago

Forex rate or foreign exchange rate is the cost price of one currency in terms of another currency. The currencies from the other nations are linked and associated which enables the comparison of international costs and prices.

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