procedure of Foreign Exchange Rates

Posted on 05-05-2016        By ADMIN

procedure of Foreign Exchange Rates:

 Is the price of one country’s money in terms of othercountry’s money

 When Indian rupee depreciates against the US dollar, itindicates that demand for latter is more than it’s supply.

 When the supply of US dollar is more than it’s demand, itdeclaims in value against the Indian rupee.


Exchange rates quotes:

 Ther are two major ways of offering exchange rate quotes.

 Direct quote

Indirect quote

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