Define foreign exchange rate. How is it determined under flexible exchange rate system?

      

Define foreign exchange rate. How is it determined under flexible exchange rate system?

  

Answers


marlyne
Foreign exchange rate is the rate at which one country’s currency can be exchanged for another country’s currency.
It is determined by the interaction of demand for and supply of foreign currency in the international market.
marlinbito answered the question on May 12, 2018 at 13:09


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