what do you mean by exchange rate? ho0w it is determined?

Categories >> Business Management >> Banking Finance
Suggest New Category

Question Posted / ammabali

6 Answers
11216 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what do you mean by exchange rate? ho0w it is determined?..

Answer / neethu

In finance, the exchange rates (also known as the foreign-
exchange rate, forex rate or FX rate) between two
currencies specifies how much one currency is worth in
terms of the other. It is the value of a foreign nation’s
currency in terms of the home nation’s currency

Is This Answer Correct ?

7 Yes

1 No

what do you mean by exchange rate? ho0w it is determined?..

Answer / shilpa arora

Exchange rate between two countries specifies how much one
currency is worth in terms of the other.
It is value of foreign national currency in terms
of home nation currency.
Exchange rate= e[P/Pf]
P= Domestic price level
Pf= foreign prce level

Is This Answer Correct ?

6 Yes

3 No

what do you mean by exchange rate? ho0w it is determined?..

Answer / vandana

Rate at which one currency may be converted into another.
also called rate of exchange or foreign exchange rate or
currency exchange rate.

Is This Answer Correct ?

4 Yes

1 No

what do you mean by exchange rate? ho0w it is determined?..

Answer / susanta kumar sahoo

A rate at which one currency my be converted to another
foreign currency is called exchange rate or foreign exchange
rate. Generally it determine on the basis of demand and
supply of that particular currency in global market.

Is This Answer Correct ?

2 Yes

1 No

what do you mean by exchange rate? ho0w it is determined?..

Answer / vikram

exchange rate is the rate at which one country rent there money to other or simply we can said that its the cost at which one country give loan to other country.

Is This Answer Correct ?

1 Yes

2 No

what do you mean by exchange rate? ho0w it is determined?..

Answer / bharat

exchange rate is nothing it is only that what is the ratio
of import and export of any country regarding to other
countries.

Is This Answer Correct ?

2 Yes

9 No

Post New Answer

More Banking Finance Interview Questions

on the trial balance which thing gone to debit site & which things gone to credit sites?

5 Answers

explain the impact of manufacturing sector after the global melt down? what are the strategical decissions required to be taken by the corporate sector to revive the situation?

0 Answers

journal entry for vendor and depreciation

0 Answers UBS,

How does the default risk premium being calculated?

0 Answers SEBI,

What are the threats to internet security?

0 Answers Nabard,

can you please explain the capital budgeting methods in any business?

0 Answers TATA,

what do you join kotak mahendra bank.

17 Answers IBM, Kotak Mahindra Bank,

What is Right to information Act?