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Jlenok [28]
3 years ago
13

How are foreign exchange rates determined

Business
1 answer:
alekssr [168]3 years ago
7 0

Answer:

Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.

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