Why are Foreign Exchange Rates Important?

History

2 answers:

saw5 [17]3 years ago

7 0

Answer:

Explanation:

Foreign exchange is the trading of different national currencies or units of account. It is important because the exchange rate, the price of one currency in terms of another, helps to determine a nation's economic health and hence the well-being of all the people residing in it.

mash [69]3 years ago

5 0

Foreign Exchanges Rates are important because it can exchange the trading of different national currencies or units of account. It is important because the exchange rate, the price of one currency in terms of another, helps to determine a nation's economic health and hence the well-being of all the people residing in it.

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