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An exchange rate is the value of one nation's currency versus the currency of another nation or economic zone. For example, how many U.S. dollars does it take to buy one euro? As of July 31, 2020, the exchange rate is 1.18, meaning it takes $1.18 to buy €1. KEY TAKEAWAYS An exchange rate is the value of a country's currency vs. that of another country or economic zone. Most exchange rates are free-floating and

An exchange rate is the value of one nation's currency versus the currency of another nation or economic zone. For example, how many U.S. dollars does it take to buy one euro? As of July 31, 2020, the exchange rate is 1.18, meaning it takes $1.18 to buy €1. KEY TAKEAWAYS An exchange rate is the value of a country's currency vs. that of another country or economic zone. Most exchange rates are free-floating and

An exchange rate is the value of one nation's currency versus the currency of another nation or economic zone. For example, how many U.S. dollars does it take to buy one euro? As of July 31, 2020, the exchange rate is 1.18, meaning it takes $1.18 to buy €1. KEY TAKEAWAYS An exchange rate is the value of a country's currency vs. that of another country or economic zone. Most exchange rates are free-floating and