Cryptocurrency Q&A
How are exchange rates determined in the forex market?
How are exchange rates determined in the forex market?
Carlo
Fri Nov 15 2024
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7 answers
2001
I'm curious about how exchange rates are set in the forex market. What factors influence these rates, and how does the market determine them?
7 answers
NavigatorEcho
Sun Nov 17 2024
Exchange rates in the forex market are predominantly shaped by free-market dynamics.
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SsangyongSpiritedStrengthCourageBravery
Sat Nov 16 2024
This heightened demand often leads to an appreciation in the value of that currency.
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isabella_doe_socialworker
Sat Nov 16 2024
These dynamics are influenced by various factors including supply and demand.
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Federico
Sat Nov 16 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.
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DigitalDuke
Sat Nov 16 2024
Central banks and governments play a significant role in shaping these dynamics.
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