Exchange rates - introductionClick here to find out which currency is the most used currency in the world - can you guess which is the second most used currency?
Exchange rate systems
Exchange rate An exchange rate is the price of one currency expressed in terms of another, e.g. 1 U.S. dollar = 30.13 Thai baht.
An exchange rate system is the way in which the exchange rate is determined.
On the following pages, we consider the following topics in detail:
- Floating exchange rates
- Changes in the exchange rate
- Effects of exchange rate changes
- Fixed exchange rates
- Managed exchange rates