Exchange Rate

Provides the value of one currency relative to another currency as the number of units of one currency required to purchase one unit of the other currency.

In most financial papers, currencies are expressed in terms of U.S. dollars, while the dollar is commonly compared to the Japanese yen, the British pound and the euro. For example as of mid 2012, the exchange rate of one U.S. dollar for one euro was about 0.77, which means that one dollar can be exchanged for 0.77 euros.

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