Foreign Currency Exchange

Foreign Currency Exchange

What is Foreign Currency Exchange Foreign currency exchange is an institution or system for dealing in the currencies of other countries. The conversion of currency is done by the banks who deal in foreign exchange.

Exchange Rate Exchange Rate is the price for foreign money. It is defined as the price paid in the home currency for a unit of foreign currency.

Types of Foreign Exchange Rate  Spot Rate  Forward Rate  Buying & Selling Rate  Floating Exchange Rate

 Fixed Exchange Rate

Top 5 Currencies US DOLLAR(USD) GREAT BRITAIN POUND(GBP) EURO

JAPANESE YEN SWISS FRANC

Appreciation & Depreciation of Currency

Appreciation - An increase in the value of the domestic currency with respect to the foreign currency.

Depreciation - A decrease in the value of the domestic currency with respect to the foreign currency.

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