The exchange rate can be defined as: the number of units of currency that are needed to buy another one. This applies to any type of currency that can be exchanged, for any reason.
The exchange rate is determined by the market value of various currencies on the international market, which in turn depends on demand and supply. In
In our dedicated sections you will find the exchange rate for the various currencies.
For the Forex market we recommend you stay informed with real time forex quotes.
To find out more about the exchange rate, we recommend reading International currencies and systems: between fixed and variable exchange rates. In order to have a clear picture of the situation.
