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Questions tagged [commercial banks]

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ShintoSpirit ShintoSpirit Wed Jan 22 2025 | 7 answers 1673

How do commercial banks determine currency exchange rates?

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?

How do commercial banks determine currency exchange rates?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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