133k views
3 votes
Currency exchage rates are based on?

User Andy Heard
by
8.2k points

2 Answers

5 votes

Answer:

See below

Explanation:

The Currency exchange rates are usually based on the market supply and demand, but it can also be determinated by the government, it is called fixed exchange rate. It is kind of monetary policy where some countries control and apply a fixed exchange rate.

User Ali Kashanchi
by
8.1k points
3 votes

Answer:

how many people want to buy the product

Explanation:

User Benjamin Pannell
by
8.7k points

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