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Questions tagged [foreign exchange rate]

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BitcoinBaroness BitcoinBaroness Mon Aug 05 2024 | 5 answers 1275

What is a foreign exchange rate?

Could you please explain what a foreign exchange rate is in simple terms? I've heard the term before, but I'm not entirely sure how it works. Is it the rate at which one currency can be exchanged for another? And how does it impact international trade and investments? Could you provide some real-life examples to help me understand the concept better? Thank you.

What is a foreign exchange rate?

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