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by Cristina Nuta -
By exchange rates we mean the value of a country's currency expressed in terms of another country's currency. The exchange rates are sometimes fixed or pegged, that is determined by a country's monetary authority- the central bank- but, in a market economy, they are established like any other price by the interaction of supply and demand that means they are floating rates. But sometimes the central banks intervene on currency markets to counteract the effects of massive spe read more...
Tags: exchange, rates, currency, money, bank, market
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