155k views
5 votes
Each currency has a changing value relative to other currencies. This is referred to as a currency's.

2 Answers

3 votes

exchange rate is the right answer


User Brian Sweeney
by
7.6k points
5 votes

Answer: Exchange rate

In finance, an exchange rate is the value at which one currency will be exchanged for another. In other words, it is the value of a currency in relation to another one. These rates are determined in the foreign exchange market, and they are in constant fluctuation depending on a variety of factors.

User DazWorrall
by
8.6k points