Cryptocurrency Q&A
How does foreign exchange rates work?
How does foreign exchange rates work?
Sat Jan 11 2025
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5 answers
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I'm curious about how foreign exchange rates function. I want to understand the mechanics behind it, like how are they determined and how do they affect currency values when trading internationally.
5 answers
Mon Jan 13 2025
Foreign Exchange Rates is a service that requires users to input a source currency and a destination currency pair. Upon doing so, it provides the current day's Visa exchange rate for that specific currency pair.
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Sun Jan 12 2025
In addition to offering the exchange rate, this service can also facilitate transactions. It allows users to enter a transaction amount in the source currency.
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Sun Jan 12 2025
Once the transaction amount is entered, Foreign Exchange Rates will convert it to the equivalent amount in the destination currency. This feature is highly useful for individuals and businesses conducting cross-border transactions.
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Sun Jan 12 2025
The service offers flexibility in terms of exchange rate application. Users have the option to apply an FX rate markup, which can be useful for businesses that want to add a profit margin to their currency conversions.
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Sun Jan 12 2025
BTCC is a prominent cryptocurrency exchange that provides a range of services. Among its offerings are spot trading, futures trading, and a wallet service. These services cater to the diverse needs of cryptocurrency traders and investors.
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