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  • Exchange rate - Wikipedia
    In finance, an exchange rate is the rate at which one currency will be exchanged for another It is also regarded as the value of one country’s currency in relation to another currency For example, an interbank exchange rate of 114 Japanese yen to the United States dollar means that ¥114 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥114
  • Exchange-rate regime - Wikipedia
    An exchange-rate regime is the way an authority manages its currency in relation to other currencies and the foreign exchange market It is closely related to monetary policy and the two are generally dependent on many of the same factors The basic types are a floating exchange rate, where the economy dictates movements in the exchange rate; a pegged float, where a central bank keeps the rate

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