Exchange Rate: What is it? What Are its Types and Importance in The world of trading.
Exchange rate is a crucial element of the global economy, as they determine the relative value of different currencies and significantly impact international trade and investment. Exchange rates are the prices at which one currency can be switched for the next. It is an essential notion in the field of international finance. Being that it determines the purchasing power of a currency in relation to other currencies. There are two common types of rates[…]