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exchangerate
exchange rate
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The answer EXCHANGERATE (exchange rate) has 12 possible clue(s) in existing crosswords.
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The word EXCHANGERATE (exchange rate) is NOT valid in any word game. (Sorry, you cannot play EXCHANGERATE (exchange rate) in Scrabble, Words With Friends etc)
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Definitions of exchange rate in various dictionaries:
noun - the charge for exchanging currency of one country for currency of another
EXCHANGE RATE - the charge for exchanging currency of one country for currency of another
EXCHANGE RATE - In finance, an exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s cur...
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| Keep track of how much your dollar is worth by checking this "rate" at which currency is converted |
| Exchange rate description |
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In finance, an exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in relation to another currency. For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥114. In this case it is said that the price of a dollar in relation to yen is ¥114, or equivalently that the price of a yen in relation to dollars is $1/114. * Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. * In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash, a documentary form or electronically. The higher rate on documentary transactions has been justified as compensating for the additional time and cost of clearing the document. On the other hand, cash is available for resale immediately, but brings security, storage, and transportation costs, and the cost of tying up capital in a stock of banknotes (bills). |