Cryptocurrency Q&A
What are currency exchange rates?
What are currency exchange rates?
Daniela
Sun Dec 15 2024
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5 answers
1090
I'm curious about currency exchange rates. I want to understand what they are, how they work, and how they affect transactions involving different currencies. Can someone explain this concept to me?
5 answers
BlockchainEmpiress
Tue Dec 17 2024
Exchange rates represent the value of one currency compared to another.
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CryptoBaron
Tue Dec 17 2024
The sequence of a currency pair is crucial in determining its meaning.
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CryptoTitaness
Tue Dec 17 2024
In a currency pair, the currency listed on the left is always considered as one unit.
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Bianca
Tue Dec 17 2024
This unit is the basis for calculating the exchange rate.
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Valentina
Tue Dec 17 2024
The exchange rate indicates the amount of the currency on the right required to purchase one unit of the currency on the left.
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