Give detail explanation of exchange rate, Macroeconomics

Assignment Help:

Give detail explanation of Exchange Rate

In most countries, exchange rate is expressed using foreign currency as base currency. For instance, in Denmark, USD exchange rate would be expressed as 4.8 Danish kronor (DKK) per USD whereas in U.S., same exchange rate would be expressed as 0.208 USD/DKK (or 20.8 USD/100DKK). This way of specifying the exchange rate is termed as the direct method as you can immediately figure out how much you have to pay for one unit of a foreign currency.

 


Related Discussions:- Give detail explanation of exchange rate

ENC 312, what have you learned from the class

what have you learned from the class

Supply-side economics market freedom, What is Supply-side Economics Market ...

What is Supply-side Economics Market Freedom? Markets must be allowed to work more freely and steps taken to improve this efficiency by:   freeing them from governm

Macro, Over long spans of time, macroeconomies typically grow, but over sho...

Over long spans of time, macroeconomies typically grow, but over short spans there are fluctuations in output and prices known as ____ ?

Towards a national accounting system, TOWARDS A NATIONAL ACCOUNTING SYSTEM ...

TOWARDS A NATIONAL ACCOUNTING SYSTEM  A real life modern economy is a very complex structure consisting of millions of units engaged in a variety of economic transactions. Ther

What is modifications to a polymer, What are three modifications to a polym...

What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?

Analyze the effects of discrimination in labor markets, To analyze the effe...

To analyze the effects of discrimination in labor markets, use supply and demand curves for labor, with the demand curves representing the value of the marginal product, show the e

Franchises ensure appropriate international markets, How can franchises ens...

How can franchises ensure their products are appropriate for international markets?

Nominal interest rate of 15% compounded annually, An investor has a series ...

An investor has a series of three $15,000 payments expected to be realized at the end of years three, four, and five. Calculate the present value P at time zero and the correspondi

What is inflation, Q. What is Inflation? Inflation between two points i...

Q. What is Inflation? Inflation between two points in time is defined as percentage increase of price index between these two points in time.  Comments: Price inde

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd