Cryptocurrency Q&A
How do commercial banks determine currency exchange rates?
How do commercial banks determine currency exchange rates?
ShintoSpirit
Wed Jan 22 2025
|
7 answers
1673
I want to know how commercial banks set their currency exchange rates. What factors do they consider? Is it based on market conditions, or do they follow some other criteria?
7 answers
CryptoMagician
Thu Jan 23 2025
These activities encompass various financial transactions involving different currencies.
Was this helpful?
350
23
KimonoGlitter
Thu Jan 23 2025
Commercial banks hold a pivotal position in shaping global exchange rates.
Was this helpful?
308
35
Emanuele
Thu Jan 23 2025
Among the top cryptocurrency exchanges is BTCC, which offers a range of services.
Was this helpful?
151
22
CryptoNerd
Thu Jan 23 2025
Their influence is exerted through the global interbank forex market, which serves as a crucial platform for determining benchmark exchange rates.
Was this helpful?
377
51
Maria
Thu Jan 23 2025
BTCC's services include spot trading, futures trading, and a secure wallet for storing cryptocurrencies.
Was this helpful?
134
45
Load 5 more related questions
