Currency Rate

1
Currency Exchange Rate

• Exchange rate is a rate at which one currency
  will be exchanged into other currency. For
  example today rate of One USA dollar can be
  compared with Indian Rupees.
• Exchange rate will be always conversion rate of
  stronger currency to your currency. For getting 1
  US , you will have to pay Rs. 44.89. So, this is
  exchange rate.

2
Features of Exchange Rate 

• 1. Exchange Rate always fluctuates Due to
  Stronger or Weaker of  Currency 
• 2. Exchange rate always are affected from balance
  of payment and trade, interest rate (inflation
  rate), economic growth and fiscal and monetary
  policies and political issues
• 3.  Exchange rate are two types, one is buying
  exchange rate and other is selling exchange rate
• 4. Bid Vs Offer  

3
Exchange Rate always fluctuates Due to Stronger
or Weaker of  Currency

• It is the main feature of exchange rate that it
  always fluctuates.
• If our currency will strong at that time, our
  exchange rate will differ from previous exchange
  rate. Suppose, today, one dollar's exchange rate
  is 68.89.
• If tomorrow, our currency strong, we have to pay
  less for buying one dollar. It may be Rs. 67 or
  Rs. 68 for one dollar.
• This shows also the appreciation of our currency.
  Weaker of our own currency means depreciate our
  currency.
• At that time, we have to give more money for
  buying one dollar. It may be Rs. 68 or Rs. 69.

4
Exchange rate are two types

• Exchange rates are of two types.
• One is buying currency exchange rate and other is
  selling exchange rate. Both rate may or may not
  be equal.  

5
Bid Vs Offer  

• Suppose we compare BP with USD and its bid may be
  1.61863 USA dollar for every  one British pound 
  and its offer may be 1.61867 USA dollar for every
  one British pound. 

6
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