KRISHNAKUMAR C S
PGT ECONOMICS
DAV-BHEL SCHOOL, RANIPET
, FOREIGN EXCHANGE
• Foreign Exchange refers to the currencies of other
countries.
, FOREIGN EXCHANGE RATE
• It is the rate at which one currency is exchanged for
the other.
• It is the price of one currency in terms of the
other.
• For example, if one dollar can be exchanged for
Sixty rupees, then the value of rupees is:
Rs 1 = = $0.0167