Dolarex

Exchange Rates

Exchange Rates

An exchange rate (FX rate) 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. Each country, through varying mechanisms, manages the value of its currency. Exchange rates among currencies are affected by demand, balance of trade, growth of Gross Domestic Product (GDP), inflation, and interest rates.