Cryptocurrency Q&A
What is the difference between exchange rate and forex?
What is the difference between exchange rate and forex?
Stefano
Wed Jan 08 2025
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6 answers
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I'm confused about the difference between the terms 'exchange rate' and 'forex'. Could someone explain the distinction between these two concepts?
6 answers
henry_taylor_architect
Fri Jan 10 2025
Exchange Rate represents the value of one currency when compared to another.
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Daniele
Fri Jan 10 2025
It is a metric used to determine how much one currency is worth in terms of another.
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KDramaCharm
Fri Jan 10 2025
The Foreign Exchange market, also known as Forex, is a global financial market.
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Carlo
Thu Jan 09 2025
Forex operates on a decentralized, over-the-counter basis.
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Dario
Thu Jan 09 2025
Participants in Forex buy, sell, exchange, and speculate on currencies.
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