Currency Calculator - Exchange Rate for Pc

1. Exchange rate (also known as foreign exchange rates, foreign exchange rates or foreign exchange market price) between the two currencies on the exchange ratio, can be regarded as the value of a country's currency against another currency.

2. For example, a value of 100 yuan of goods, if the RMB against the US dollar exchange rate of 0.1502 (indirect quotation), then this product in the United States, the price is $ 15.02. If the RMB against the US dollar dropped to 0.1429, that is the dollar, devaluation, with fewer dollars to buy this product, this product in the United States, the price is $ 14.29. So this product in the US market price becomes lower.

3. Under the bill system, countries issue banknotes as representatives of metal currency, and with reference to past practice, in order to decree gold bill, known as the Golden parity, compared to gold parity is to determine the basis of bilateral exchange rates.

4. Generally, the currency exchange rate lower, ie the ratio of foreign currency depreciate, can help promote exports and discourage imports of effect; if the currency exchange rate, ie the ratio of foreign currency to rise, it will help import, it is not conducive to exports.

5. The two countries to implement the gold standard monetary unit can be determined parity between them according to their respective gold number, namely the exchange rate.

6. Therefore, in countries with the official exchange rate by the national monetary authorities (Ministry of Finance, the central bank or foreign exchange authorities) provides exchange rate, all foreign exchange transactions must be carried out in accordance with the exchange rate.

7. In countries with market rates, exchange rates with changes in supply and demand on the foreign exchange market, the currency change.

8. According to the comparison of the two currencies gold, £ 1 = $ 4.8665, the exchange rate fluctuated basis.

9. The exchange rate is determined by the foreign exchange market.

10. Exchange rate because of interest rates, inflation, political and economic state of each country changes and other reasons.

11. Exchange rate is the respective countries in order to achieve their political aims financial instruments.

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