The price of one currency in terms off another currency is called

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The foreign exchange rate refers to the value of one currency in terms of another currency. It is the rate at which one currency can be exchanged or converted into another currency. Foreign reserves refer to the foreign currency holdings held by a country's central bank. The foreign trade deficit refers to the difference between the value of a country's imports and exports. The balance of payments refers to the record of all the commercial transactions between a country and the rest of the world over a given period of time, including trade in goods, services, and financial assets.

The Price of One Currency in Terms Off Another Currency