Ask Question
6 May, 12:59

How are foreign exchange rates determined

+3
Answers (1)
  1. 6 May, 13:18
    0
    Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How are foreign exchange rates determined ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers