TeachMeFinance.com - explain Foreign Exchange Rate
foreign exchange rate -- the price of one nation's currency denominated in the currency of another nation. For example, the value of British pounds expressed in U.S. dollars.
Foreign Exchange Rate -- The rate or price of the currency of one country in terms of the currency of another.
Foreign exchange rates -- The quotation "actual rate" means the rate at which exchange is sold in large amount by a dealer ; the quotation "posted rate" means the preliminary asking rate of the day before an actual rate is made and this is the rate usually exacted for a small amount of exchange by a dealer.
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