LightWaveMystic
Tue Aug 06 2024
|
7 answers
1670
What is a foreign exchange rate formula?
Excuse me, could you please explain what a foreign exchange rate formula is and how it works? I'm particularly interested in understanding how it determines the value of one currency relative to another. I'm hoping to gain a better grasp of how international trade and investments are impacted by these rates. Is there a specific mathematical equation or set of factors that are considered in calculating the foreign exchange rate? Thank you in advance for your clarification.
