Exchange rate - Wikipedia, the free encyclopedia

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** Exchange rate **

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Foreign exchange
Exchange rates
· Currency band
· *Exchange rate*
· Exchange-rate regime
· Exchange-rate flexibility
· Dollarization
· Fixed exchange rate
· Floating exchange rate
· Linked exchange rate
· Managed float regime

Markets
· Foreign exchange market
· Futures exchange
· Retail foreign exchange

Assets
· Currency
· Currency future
· Currency forward
· Non-deliverable forward
· Foreign exchange swap
· Currency swap
· Foreign-exchange option

Historical agreements
· Bretton Woods Conference
· Smithsonian Agreement
· Plaza Accord
· Louvre Accord

See also
· Bureau de change
· Hard currency

· v
· t
· e

In finance, an *exchange rate* (also known as a *foreign-exchange rate*,
*forex rate*, *FX rate* or *Agio*) between two currencies 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 terms of another currency.^[1]
For example, an interbank exchange rate of 91 Japanese yen (JPY, ¥) to
the United States dollar (US$) means that ¥91 will be exchanged for each
US$1 or that US$1 will be exchanged for each ¥91. Exchange rates are
determined in the foreign exchange market,^[2] which is open to a wide
range of different types of buyers and sellers 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


Source: en.wikipedia.org/wiki/Exchange_rate


how are exchange rates determined

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