Exchange rates at exchange offices
Exchange rates refer to the rate at which one currency is exchanged in relation to another. The demand for currency availability, supply and demand of currencies and interest rates influence the exchange rates between currencies. These elements are affected by each country’s economic situation. If a country’s economy grows and is strong is more demand for its currency, which causes it to increase in value compared with other currencies. Exchange rates are the rate at which one currency is traded against another. The exchange rate between the U.S. dollar…