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Exchange Rate
The price at which one currency can be exchanged for another, which can fluctuate based on supply and demand in the foreign exchange market.
Cross-Rate
An exchange rate between two currencies derived from their respective exchange rates with a third, common currency.
Exchange Rate
The exchange rate is the value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another currency.
Forward Exchange Rate
The forward exchange rate is the agreed-upon exchange rate for a currency pair to be traded on a future date, protecting against currency fluctuations.
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