Exchange Rate

Exchange compute An exchange rate is the ratio at which a countrys silver exchanges for the bills of another country. Exchange judge are typically expressed as the foreign currency equivalent of one unit of domestic currency. The exchange rate between Australia and the United States for example was $A1.00 = $US0. , (as of 2.12.99). The exchange rate is ascertain by the demand for, and contribute of, that currency in equipment casualty of other currencies. The major trading countries of the world use a system of floating exchange pitch.

Under this system, exchange rates are find out by the free market forces of supply and demand. In other words, the rate moves freely in repartee to competitive market forces. Demand and supply are determined in terms of overseas currencies. Those who have foreign currency and want to buy dollars with it provide the demand for Australian dollars. These admit overseas people who want to buy our exports, tourists coming here, overseas people wanting...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper