What Determines the Foreign Exchange Rate?
A list of foreign exchange rates is a familiar site to travelers and anyone who studies the business news. The rate at which one country’s currency can be exchanged for another changes, at least in small ways, on an hourly basis. Why exchange rates fluctuate, and what factors are involved, is not widely understood, even by people who frequently travel.
Related Questions
- I want to make a booking online and to pay in foreign currency using my credit card. How will the foreign exchange rate be applied to my booking?
- What date is used for the foreign exchange rate for the currency conversion for the net pay?
- Is the Foreign Exchange Rate a Constraint on Full Employment Policies in Australia?
