FOREIGN EXCHANGE RATE - Forex Management

When one currency is converted into another, there must be some basis in effecting the conversion. The basis by which the currency unit of one country gets converted into currency units of another country is known as foreign exchange rate. Foreign exchange rate is therefore the price of one currency in terms of another. The rate of exchange for a currency is known from the quotation in the foreign exchange market.


All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status

Forex Management Topics