monthly average fx rates

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What is the going exchange rate for a currency?

The going exchange rate for a currency is based on its economic performance and political stability, as well as the demand for a country's products, services, shares, and bonds, resulting in the demand for the purchase of their currency. This rate is referred to as the going FX rate.

What is a currency exchange rate?

These rates are the official rates used by the Fund to conduct operations with member countries. The rates are derived from the currency's representative exchange rate, as reported by the central bank, normally against the U.S. dollar at spot market rates and rounded to six significant digits.

Should a company use an average FX rate?

When the payment for a product sale or benefit is made in one lump sum at the end of a period, using an average FX rate makes sense to track the economic value of the product better.

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