Also found in: Dictionary, Thesaurus, Encyclopedia. For example, on a given day, one may trade one U. FX Exchange Rate advantage to a floating exchange rate is the fact that it tends to be more economically efficient. However, floating exchange rates tend to be more volatile, depending on the particular currency.
Pegged exchange rates are generally more stable, but, since they are set by government fiat, they may take political rather than economic conditions into account. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster’s page for free fun content. Please log in or register to use Flashcards and Bookmarks. Write what you mean clearly and correctly. USD would be applied to a spending of USD10.
FX trades on the customer’s behalf without any supervision or direct involvement by the customer, and that BNYM would obtain the “best rates” available for its customers. Disclaimer All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Leading Tamil website in France, Tamilna , paristamil. Your own gossip place , conversordivisas.