There are numerous foreign exchange calculators on the Internet, such as www.x-rates.com. You can find them via

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There are numerous foreign exchange calculators on the Internet, such as www.x-rates.com. You can find them via globalEDGE™ or by entering the keywords “exchange rate” into a Google search. Visit one of these calculators and compare the exchange rates of various currencies, including the dollar, euro, yen, and renminbi. What is the rate for these currencies today? What was the euro–dollar exchange rate one year ago? What factors might have caused the fluctuation in this rate during the year? Does this Web site provide a way to trade foreign currencies? What is the amount of commission or other fees charged?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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International Business and the New Realities

ISBN: 978-0136090984

2nd Edition

Authors: S. Tamer Cavusgil, Gary Knight, John R. Riesenberger

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