currency exchange rates
Currency exchange rates refer to the value at which one country's currency can be exchanged for another country's currency in the financial market. It represents the ratio at which one currency trades for another and determines the cost of converting one currency into another for purposes such as travel, trade, or investing.
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Related Concepts (4)
Similar Concepts
- conversion of currency
- currency appreciation
- currency devaluation
- currency exchange rate management
- currency stability
- currency swaps
- currency union
- exchange rate management
- exchange rate stability
- exchange rates
- fixed exchange rate
- floating exchange rate
- foreign exchange
- foreign exchange market
- speculation on exchange rates