Currency Rate

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Currency Rate

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Title: Currency Rate


1
Currency Exchange Rate
  • Exchange rate is a rate at which one currency
    will be exchanged into other currency. For
    example today rate of One USA dollar can be
    compared with Indian Rupees.
  • Exchange rate will be always conversion rate of
    stronger currency to your currency. For getting 1
    US , you will have to pay Rs. 44.89. So, this is
    exchange rate.

2
Features of Exchange Rate 
  • 1. Exchange Rate always fluctuates Due to
    Stronger or Weaker of  Currency 
  • 2. Exchange rate always are affected from balance
    of payment and trade, interest rate (inflation
    rate), economic growth and fiscal and monetary
    policies and political issues
  • 3.  Exchange rate are two types, one is buying
    exchange rate and other is selling exchange rate
  • 4. Bid Vs Offer  

3
Exchange Rate always fluctuates Due to Stronger
or Weaker of  Currency
  • It is the main feature of exchange rate that it
    always fluctuates.
  • If our currency will strong at that time, our
    exchange rate will differ from previous exchange
    rate. Suppose, today, one dollar's exchange rate
    is 68.89.
  • If tomorrow, our currency strong, we have to pay
    less for buying one dollar. It may be Rs. 67 or
    Rs. 68 for one dollar.
  • This shows also the appreciation of our currency.
    Weaker of our own currency means depreciate our
    currency.
  • At that time, we have to give more money for
    buying one dollar. It may be Rs. 68 or Rs. 69.

4
Exchange rate are two types
  • Exchange rates are of two types.
  • One is buying currency exchange rate and other is
    selling exchange rate. Both rate may or may not
    be equal.  

5
Bid Vs Offer  
  • Suppose we compare BP with USD and its bid may be
    1.61863 USA dollar for every  one British pound 
    and its offer may be 1.61867 USA dollar for every
    one British pound. 

6
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