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What is Exchange Rate: Types & Economic Impact about?

The exchange rate is the price of one currency in terms of another, and it can be fixed, flexible, or managed floating. Factors affecting exchange rates include demand and supply, inflation, interest rates, and political stability. Changes in exchange rates have significant economic effects, such as impacting exports, imports, inflation, and various sectors like tourism and oil imports.

Author

Bogala Surendra

Language

EN