Exchange rate?
January 17th, 2011
Question x : Exchange Rates The prices are one of the mathematical concepts that we often use in our daily lives. Have you heard of the exchange rate? As the rates used? Can you give an example Best Answer:
The exchange rate is the price of one currency into another example monnaiePar U.S. $ 10 is equal to 7.1530 €
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What do you think, how the exchange rates used? The exchange rates are used to determine how much you get for a currency exchange! For example, if the Canadian dollar is trading for 97 cents Usje know I’ll be 97 cents for every dollar I received, and I know that at the same time under lainverse or 1/.97, I’ll Canadian 1 03 for every dollar given that I. The exchange rates are constantly used by almost all companies in international trade or invetments for all trips or someone buying foreigners. His criticism of the import or export produits.Disons I’m in Canada (I am). About 6 years ago, the Canadian dollar in trading around 63 U.S. cents and the dollar at about $ 1.60 Canada.Produits a fortune for the U.S. sample and buy Canadian. On the other hand, people could buy the United States dirt cheap stuff from Canada. Now the situation is almost completely reversed! Currently, the U.S. dollar at all-time low, or they close against the pound sterling, Canadian dollar and the euro .. This should allow many to stay in the United States and allow U.S. exporters to sell more products.