Exchange rate - the price of the currency of one country expressed in the currency of another country, with sales transactions. Such a price can be set based on supply and demand for a currency in a free market, or to be strictly regulated by the decision of the Government or its main financial body, usually the central bank.
Types of exchange
Direct quotation - the number of national currency per one unit of foreign
Types of exchange
Direct quotation - the number of national currency per one unit of foreign