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Kailey Blackburn
Business
6 May, 12:59
How are foreign exchange rates determined
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Arielle Jordan
6 May, 13:18
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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.
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