exchange rate
Definition
Price for which the currency of a country can be exchanged for another country's currency. Factors that influence exchange rate include (1) interest rates, (2) inflation rate, (3) trade balance, (4) political stability, (5) internal harmony, (6) high degree of transparency in the conduct of leaders and administrators, (7) general state of economy, and (8) quality of governance.
exchange rate is in the Banking, Commerce & Finance, Currency Trading and Economics, Politics, & Society subjects.
exchange rate appears in the definitions of the following terms:
reciprocal of European terms,
forward cover,
indexed currency option note (ICON),
Bretton Woods system,
Quanto option,
translation exchange gain or loss,
exchange rate mechanism (ERM),
risk factor,
interest rate parity theory,
foreign exchange option
and
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