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20 May, 03:53

The rate at which a foreign exchange dealer converts one currency into another currency on a particular day is the

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Answers (2)
  1. 20 May, 04:02
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    Spot For-ex Rate

    Explanation:

    Foreign Exchange Markets are the markets in which currencies are exchanged with each other, at foreign exchange rates.

    Spot Exchange Rate is the for-ex rate in case of transactions, which get settled with currencies exchange immediately (or within two business days). So, the rate at which forex dealer actually converts a currency into another currency is the Spot Exchange Rate. It is highly volatile, fluctuates as per currencies demand & supply in forex markets.

    This rate is different from Forward Forex rate, which is predetermined agreement based forex rate, for which real currencies exchange take place later on a specified date. It protects people from spot exchange rate volatility
  2. 20 May, 07:12
    0
    Exchange Rate

    Explanation:

    In finance, an exchange rate is a rate at which a foreign exchange dealer converts one currency into another currency on a particular day. It is also related to the value of one country's currency to another currency.

    Exchange rates can be either fixed or floating. Central banks of a country determine the fixed exchange rates and floating exchange rates are determined as a result of market demand and supply.
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