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Cher, Educator-40+ yrs
Category: General
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Experience:  M.A., B.A., Author, Information & Research Specialist
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What are exchange rates

Resolved Question:

What are exchange rates?
Submitted: 7 years ago.
Category: General
Expert:  Cher replied 7 years ago.
HelloCustomer and thanks for your question.

Exchange rates, with regard to currency, allow you to determine how much of one country's currency you can exchange for another. For example, the U.S. dollar's exchange rate will tell you how much a dollar is worth in a foreign currency, like Euros, for example, and vice versa. You can read more about this, here:

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Edited by Cher on 1/30/2010 at 4:52 AM EST
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