Who Decides The Rate Of Forex? A fixed or pegged rate is determined by the government through its central bank. The rate is set against another major world currency (such as the U.S. dollar, euro, or yen). To maintain its exchange rate, the government will buy and sell its own currency against the currency to
When Two Companies Agree To Exchange Currency And Execute The Deal At Some Specific Date In The Future It Is Called A Exchange? Broadly speaking, forward contracts are contractual agreements between two parties to exchange a pair of currencies at a specific time in the future. These transactions typically take place on a date after
Can I Go To Any Bank To Exchange Currency? Most major banks will exchange your U.S. dollars for a foreign currency if you have a checking or savings account with the institution. In some cases, a bank will exchange currency if you have a credit card with the bank. Where is the cheapest place to
What Is The Highest Exchange Rate For US Dollar? The worlds strongest currency is the Kuwaiti Dinar. It is the highest valued currency against the United States Dollar. What country has the highest exchange rate for the US dollar? Rank Country Year 1Zimbabwe 2008 2 Iran 2018 3 Somalia 2017 4 Vietnam 2018 What is