What is exchange rate?Exchange Rate
How much of one currency you get for one unit of another.
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- Forex BasicsWhat Is Forex?
Changing money before a trip abroad is a forex trade. When the exchange rate moves, the same money buys a different amount of foreign currency.
- Interest Rates & SwapsCross-Currency Swaps
One company has dollars and needs euros; another is the opposite. A cross-currency swap lets them exchange principal and interest, then swap back at maturity.
Related terms
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Go to “What Is Forex?”