Definition Exchange Rate

definition of foreign exchange rate

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The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are

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In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be

definition of foreign exchange rate

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Definition of exchange rate: Rate at which one currency may be converted into another. The exchange rate is used when simply converting one currency to


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foreign exchange n. ( Abbr. FX ) Transaction of international monetary business, as between governments or businesses of different countries