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Understanding Exchange Rates Explained by ScribdTranslations is a document available to read on EtoBox.
The exchange rate is the value of one currency in relation to another, with two main types: nominal and real. Nominal exchange rates indicate the price of foreign currency in terms of the national currency, while real exchange rates reflect the price of domestic goods in foreign currency. Exchange rates can be fixed by central banks or variable based on market supply and demand.
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- EN