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The '''Exchange Rate''', or foreign-exchange rate is the price at which one country's [[currency]] is exchanged for the currency of another country.
The '''exchange rate''', or foreign-exchange rate is the price at which one country's [[currency]] is exchanged for the currency of another country.
The Exchange Rate helps determine how much is paid for imported goods and services and how much we receive for is exported.
The exchange rate helps determine how much is paid for imported goods and services and how much we receive for is exported.
When the value of a currency falls, imported goods become more expensive, and it tends to reduce the volume of imports. At the same time, other countries will pay less for some products of that country and that will tend to boost export sales.
When the value of a currency falls, imported goods become more expensive, and it tends to reduce the volume of imports. At the same time, other countries will pay less for some products of that country and that will tend to boost export sales.