Rate of Exchange

  • Updated on

Rate of Exchange is an amount of money a foreign currency holder receives in domestic currency for exchanging foreign currency in the domestic region and vice versa. The rate of exchange is dynamic and tend to change on a daily basis with respect to the change in the quoted currency. For example, if 1$ today equals 0.7USD, a change in USD (due to economic factors in the U.S.) could either decline or increase the quote, depending upon the increase and decrease in value, respectively.

Term of the day

Value Fund

What is a value fund? A value fund is a type of mutual fund that aims to invest in fundamentally strong stocks but are undervalued. The fund managers’ in......
[ Read More ]