In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate) between two currencies 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 terms of another currency. For example, an interbank exchange rate of
Japanese yen (JPY, ¥) to the United States dollar (US$) means that
will be exchanged for each US
or that US
will be exchanged for each
.
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