A currency's exchange rate is the rate at which one country's currency can be traded for another country's currency.

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A currency's exchange rate refers to the rate at which one country's currency can be exchanged for another country's currency. It represents the value of one currency in terms of another currency. For example, if the exchange rate between the U.S. dollar and the euro is 1.2, it means that one U.S. dollar can be exchanged for 1.2 euros. Exchange rates fluctuate regularly based on various factors such as inflation, interest rates, political events, and market demand.

A Currency's Exchange Rate Is the Rate at Which One