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Exchange rate

Exchange rate

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 Exchange rate (also known as foreign exchange rates, foreign exchange rates or foreign exchange market) the exchange rate between the two currencies can also be regarded as the value of a country's currency on another currency.Exchange rates are also the financial instruments of various countries in order to achieve their political goals. Exchange rates will vary based on interest rates, inflation, national politics and the economy of each country. The exchange rate is determined by the foreign exchange market. The foreign exchange market is open to different types of buyers and sellers for a wide range of consecutive currency transactions (Forex trading takes place 24 hours a day, excluding weekends, from 8:15 GMT to 22:00 GMT on Friday Exchange rates refer to the current exchange rates, while forward rates refer to quoted prices and transactions on the date, but exchange rates paid on a specific future date).

    The rise and fall of a foreign exchange market will affect import and export trade, economic structure and production layout. Exchange rate is the most important lever of adjustment in international trade, and the exchange rate is declining. It can play an important role in promoting exports and restraining imports. 


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