Amyhujack88 Amyhujack88
  • 20-10-2020
  • Mathematics
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Currency exchange rates are based on

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TEJUSJOSESINGH TEJUSJOSESINGH
  • 20-10-2020

Answer:

Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. Therefore, if the demand for the currency is high, the value will increase.

Step-by-step explanation:

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