In finance, the exchange rates
(also known as the foreign-exchange rate, forex rate or FX
rate) between two currencies specifies how much one currency
is worth in terms of the other. It is the value of a foreign
nation’s currency in terms of the home nation’s
currency.[1] For example an exchange rate of 91 Japanese yen
(JPY, ¥) to the United States dollar (USD, $) means that
JPY 91 is worth the same as USD 1. The foreign exchange market
is one of the largest markets in the world. By some estimates,
about 3.2 trillion USD worth of currency changes hands every
day.
The spot exchange rate refers to
the current exchange rate. The forward exchange rate refers
to an exchange rate that is quoted and traded today but for
delivery and payment on a specific future date.
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22.41
84.05
128.8
83.52
22.88
23.08
0.894
0.075
1.884
