Exchange rate
In
finance, the exchange rate between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 120 Japanese yen to the
United States dollar means that JPY 120 is worth the same as USD 1. The
foreign exchange market is one of the largest markets in the world.
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Encyclopedia
In
finance, the
exchange rate between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 120 Japanese yen to the
United States dollar means that JPY 120 is worth the same as USD 1. The
foreign exchange market is one of the largest markets in the world.