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How are Currency Exchange Rates Determined ?

In this video, I’ll answer the question – how are currency exchange rates determined? Given the increasing globalization of today’s world, currency exchange rates are often used. Many exchange their local currencies for American dollars, perceiving this to be a safe and sound investment. Meanwhile, those who travel internationally are forced to visit a money-changing counter to obtain the local currency, in exchange for their own. In these types of situations, the amount of money received is based on a Currency Exchange Rate. But how exactly are these determined? Well, international Currency Exchange Rates can either be floating or fixed. 0:00 Introduction 0:30 Uses of currency exchange 0:58 How are currency exchange rates are determined? 1:27 Floating currency exchange rate 2:43 Fixed currency exchange rate 4:13 Wrapping Up ------------------- Several segments are licensed under creative commons https://bit.ly/3gdujR6 ✅Subscribe: https://bit.ly/3cpBPqN ✅Share this video with a friend:    • Видео   ⭐Watch next – https://bit.ly/2T6rR73 Recommended Playlist – https://bit.ly/3gfcoJB ✅Let’s connect: www.lets-teach.com ------------------- ⭐Disclaimer: I am not a healthcare professional or financial advisor. Any health or financial information contained in this or any other videos on this channel is not intended to be a substitute for professional medical or financial advice. Always seek the advice of a licensed financial or healthcare professional with any questions you may have regarding a medical condition or financial situation. #CurrencyExchangeRates #LetsTeach #InterestingFacts