Cryptocurrency Q&A
What is the exchange rate for a currency outside a country?
What is the exchange rate for a currency outside a country?
CryptoLodestarGuard
Wed Jan 15 2025
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5 answers
1190
I'm interested in knowing the exchange rate for a currency when it's used outside its originating country. How does the value of that currency compare to other currencies in the global market?
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5 answers
CryptoLordGuard
Fri Jan 17 2025
Certain currencies exhibit varying exchange rates based on their geographical location.
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SamuraiHonor
Fri Jan 17 2025
This means that the value of a currency can differ depending on whether it is held within or outside a country's borders.
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GinsengGlory
Fri Jan 17 2025
Taking the Chinese Yuan (CNY) as an example, its exchange rate fluctuates according to its location.
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Dario
Thu Jan 16 2025
When the CNY is held outside China, its exchange rate is ¥7.05 per $1.
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benjamin_cole_nurse
Thu Jan 16 2025
However, when the same currency is held within China, its exchange rate changes to ¥7.04 per $1.
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