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As you comb your hair,electrons are rubbed onto the comb,which becomes
Closing Rate
The closing rate is the exchange rate of a foreign currency against a home currency at the close of the accounting period, used in translating foreign currency financial statements.
Forward Rate
The agreed-upon future exchange rate between two currencies in a forward contract.
Settlement Rate
The rate or price used to resolve the obligations between parties in a financial contract, often used in the context of derivatives and foreign exchange.
Exchange Rates
The rate at which one currency can be exchanged for another, influenced by various economic factors.
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